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This is an obsolete version of the rule. Please click on the rule number to view the current version.

2.59.402    CREDIT UNIONS - LIMITED INCOME PERSONS, DEFINITION

 

(1) Existing credit unions may include within their field of membership limited income persons for whom credit union services are not otherwise available.

(2) Limited income persons are defined as those persons whose annual income is less than that specified below based upon family size:

 

Family Size

 

 

Annual Income

 

1

 

 

$ 6,314

 

2

 

 

   8,075

 

3

 

 

   9,890

 

4

 

 

12,675

 

5

 

 

14,994

 

6

 

 

16,927

 

For family units with more than six members add $1,780 for each additional member.

History: 32-3-201, MCA; IMP, 32-3-307, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 292, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178.

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