Virginia Decodedhttps://vacode.org709666.2-1371Other charges2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsCredit UnionsLoans and Investments

A. In addition to interest charged on loans, a credit union may charge members all reasonable expenses in connection with making, closing, disbursing, extending, collecting, or renewing loans.

B. In accordance with the bylaws, a credit union may assess charges to members for failure to meet in a timely manner their obligations to the credit union.

1990, c. 373, § 6.1-225.52; 2010, c. 794.