SECTIONS 14700-14703

14700.  Every credit union shall create and maintain a regularreserve as specified by the commissioner.14701.  Losses incurred by a credit union may be charged to itsregular reserve as permitted by rule of the commissioner.14702.  In addition to the regular reserve, special reserves shallbe established when required by regulation or when found necessary bythe board of directors of the credit union or by the commissioner.14703.  A credit union shall establish and maintain anallowance-for-loan-losses account in accordance with generallyaccepted accounting principles. The commissioner may order the creditunion to increase the amount of its allowance-for-loan-lossesaccount if the commissioner finds that the amount of the account isnot adequate.