(205 ILCS 305/68) (from Ch. 17, par. 4469)
Sec. 68. Interest, fines, not usurious-shares and loans not to be taxed.
Reasonable fines may be levied as provided in the bylaws of each credit
union and may be deducted from the share balance or added to the loan balance
of a member upon whom a fine is levied. Interest or fines that may accrue
to a credit union are not usurious and they may be collected under the law
of this State. The shares and loans provided for in this Act are not subject
to taxation.
(Source: P.A. 97-133, eff. 1-1-12.)
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