(a) No credit union shall make a loan to a member in accordance with the provisions of section 96.4 of this Part, if upon the making of that loan, the member would be indebted to the credit union upon loans directly or indirectly made to such member under such section in an aggregate amount exceeding $1,000,000 unless it has made a prior written (including electronic) request to, and received the prior written approval of, the superintendent.

(b) No credit union shall make a loan to a member in accordance with the provisions of section 96.4 or 96.5 of this Part if, upon making of that loan, the member would be indebted to the credit union upon loans directly or indirectly made to such member under such sections in an aggregate amount exceeding 25 percent of the net worth of the credit union; provided, however, that a credit union may, in any event, make a loan to a member for the minimum amounts specified in such sections.