State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER394-B > 394-B-57A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are:
I. To accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;
II. To act as an intermediary for credit union funds between members and other corporate credit unions;
III. To obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;
IV. To 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
V. To perform such other financial services of benefit to its members which are authorized by the bank commissioner.
Source. 1983, 195:1, eff. Aug. 14, 1983.
