CDC Bylaws Crosswalk and FAQ on Eliminating Membership
… authorized by the Board, may provide credit approval for loans greater than $2,000,000. LOAN COMMITTEE- SOP 50 10 5 … be delegated the authority to provide credit approval for loans up to $2,000,000. 6. The CDC’s Board must ratify the actions of any Loan Committee. 6. For loans of $1,000,000 to $2,000,000, the Loan Committee’s …