Purposes.

Checkout our iOS App for a better way to browser and research.

§412:10-801 Purposes. The purposes of the corporate credit union are to:

(1) Accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;

(2) Act as an intermediary for credit union funds between members and other corporate credit unions;

(3) Obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;

(4) Foster and promote in cooperation with other state, regional, and national corporate credit unions and credit union organizations or associations the economic security, growth, and development of member credit unions; and

(5) Provide payment systems and correspondent services to its members. [L 1993, c 350, pt of §1]


Download our app to see the most-to-date content.