The capital of a credit union shall consist of the payments that have been made to it by the several members thereof on shares. The credit union shall have a lien on the shares and deposits of a member for any sum due to the credit union from said member or for any loan endorsed by him. A credit union may charge an entrance fee as may be fixed by the bylaws; provided, that such entrance fee shall not exceed $1.00.
Alabama Legal Code
Section 5-17-14 - Capital; Lien on Shares and Deposits of Members; Entrance Fee
Source: https://alison.legislature.state.al.us/code-of-alabama?section=5-17-14· Version 2026