APPROVAL OF LOANS
Approval of loans shall be in keeping with the authority Schedule

DISBURSEMENT/RELEASE OF LOANS
When funds are limited to meet loan applications, the Credit Committee shall give preference to applicants with the smaller amount. The purpose of the loan, for example, medical, funeral and education expenses, shall also be used in determining priority.

All documents are to be executed in accordance with the security offered at the time of loan application, or the conditions set by the Credit Union Committee, In-house Committee or Loan Staff authorized to grant loans before the proceeds are released.

WAIVERS
Only the Board of Directors and or their nominee may grant waivers to the loan policy

RELEASE OF SECURITY:
This shall be in keeping with the Authorities Schedule.