14654. Credit unions may purchase from the vendor or lessor of any personal property, conditional sale contracts or vehicle lease agreements covering the sale or lease of that property or vehicle to its members. The credit union may hold and retain any such conditional sale contract or vehicle lease agreement as an investment.(Amended by Stats. 1982, Ch. 1570, Sec. 4.5.)
California Legal Code
§ 14654
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=5.&title=&part=&chapter=4.&article=6.· Version 2026