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Rules & Regulations

Section 4.        Reserves

Section 5-17-19 of the Alabama Code provides that Alabama Credit Unions maintain such regular reserves as are required to maintain insurance of member accounts under the provisions of Title II of the Federal Credit Union Act. This regulation also authorizes the Administrator of the Alabama Credit Union Administration to require additional reserves.

For the purpose of computing reserve transfers, risk assets for Alabama state chartered credit unions are defined as follows:

Total loans to members plus investments with maturities in excess of three years which are not valued at the lower of cost or market.

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