Business, 07.04.2020 18:28 KennyMckormic

The credit union will have $2 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments:• Risk-free securities may not exceed 25% of the total funds available for investment.

• Signature loans may not exceed 11% of the funds invested in all loans (automobile, furniture, other secured, and signature loans).

• Furniture loans plus other secured loans may not exceed the automobile loans.

• Other secured loans plus signature loans may not exceed the funds invested in risk-free securities.

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The credit union will have $2 million available for investment during the coming year. State laws an...

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