Regulatory Alerts2026-03-26 | I-26-01Washington Division of Credit Unions Interpretive Letter I-26-01 on Charitable Donation Accounts
The Washington Division of Credit Unions issued Interpretive Letter I-26-01 to clarify that state-chartered credit unions may invest in charitable donation accounts under RCW 31.12.402(20) and RCW 31.12.436. Credit unions must submit a written application for Director approval for any investments not expressly permitted by statute, demonstrating that such investments are safe and prudent. Approved accounts must adhere to strict conditions, including limiting aggregate investment to five percent of net worth and ensuring at least 51 percent of returns go to qualified organizations.
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