The association may charge any membership, admission, withdrawal, or any other fee or sum of money for the privilege of becoming, remaining, or ceasing to be a member of the association. The association may charge a member any sum of money by the way of fine or penalty against borrowers for defaults or in payment of loans.
KRS 286.5-281
Created 1964 Ky. Acts ch. 138, sec. 7, effective6/18/1964.