Credit union participation in joint loan with other credit union

S.C. Code Ann. § 34-26-870, under Title 34, Chapter 26.

S.C. Code Ann. § 34-26-870

A credit union may participate in loans to credit union members jointly with other credit unions pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.