§412:10-801 - Purposes.
§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]