OAR 441-720-0335: Calculation of the Aggregate 15% Lending Limit

For purposes of complying with the provisions of OAR 441-720-0330, a credit union must: (1) Calculate the numerator by adding together the credit union’s total outstanding balance(s) of loans and any unfunded commitments to any one member (including those loans that the member guarantees) and groups of associated borrowers. From this amount, subtract any loans fully secured by shares, including deposits, in the credit union or in another financial institution; and (2) Divide the numerator by the net worth of the credit union.