law: Co-Operative Societies Act 2008 
  198.
  
  Reporting loans
  1.      Where a credit union
  
  is reporting loans on the balance sheet in its annual financial statements, it
  
  shall report the loans at their net estimated value after deducting the
  
  allowance for doubtful loans pursuant to section 194.
  2.      Any advance given by
  
  way of overdraft or line of credit is deemed to be a loan for the purposes of
  
  the balance sheet and must be reported as a loan.