2005 Idaho Code - 26-2127 — INVESTMENTS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 21
                            IDAHO CREDIT UNION ACT
    26-2127.  INVESTMENTS. Funds not used for loans to members may be invested
in:
    (a)  Obligations fully guaranteed as to principal and interest by the
United States government;
    (b)  Time certificates of deposits issued by any state or federally
chartered bank within the state of Idaho whose accounts are insured by the
federal deposit insurance corporation. Such time certificates of deposit may
be made in an amount not to exceed the greater of the federal deposit
insurance corporation insurance limits or one percent (1%) of the issuing
bank's total deposits;
    (c)  Time certificates of deposit or savings accounts in any state or
federally chartered savings and loan association within the state of Idaho
whose accounts are insured by the federal deposit insurance corporation in an
amount not to exceed the greater of the federal deposit insurance corporation
insurance limit or one percent (1%) of the savings and loan's withdrawable
savings liability;
    (d)  Shares of stock in a credit union service corporation as provided in
this chapter;
    (e)  Shares or deposits of a corporate credit union in an amount not to
exceed ten percent (10%) of the corporate credit union's total outstanding
shares, provided that the director may approve an investment in shares or
deposits in excess of the ten percent (10%) limitation contained in this
subsection; and
    (f)  Shares in the Idaho league services corporation.