ARM 2.59.417. INVESTMENT RULE – CERTAIN QUASI-GOVERNMENT SECURITIES

(1) Certain other securities are approved for credit union investment. There is no dollar limit on a credit union's investment in: (a) General Services Administration (participation certificates); (b) Maritime Administration (bonds and notes); and (c) Washington Metropolitan Area Transit Authority (bonds). (2) A credit union's investment is limited to 50 percent of its net worth in: (a) Asian Development Bank (bonds and notes); (b) Financing Corporation (FICO) (bonds); (c) Inter-American Development Bank (bonds); (d) Resolution Funding Corporation (REFCORP) (bonds); (e) Tennessee Valley Authority (TVA) (bonds); and (f) World Bank (bonds and notes).