A GLOSSARY OF CREDIT UNION TERMS

An accounting method of recognizing income in the period it is earned. Add-on-Charge A method, no longer permissible, of advertising the interest rate on installment loans that understates the true interest rate. Administrator A person appointed by court to manage and settle the estate of a deceased person. Adverse Action (1) refusal to grant credit in the amount or under terms requested or (2 ... ................
................