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Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-522. Organization members

Current as of March 08, 2022 | Updated by FindLaw Staff

A. The following may be included in the field of membership of a credit union:

1. An organization comprised primarily of individuals who are eligible for membership in the credit union.

2. An organization for which a majority of owners, by number, are individuals who are eligible for membership in the credit union.

3. If applicable, an organization that is located within the credit union's membership area.

B. An organization, one of whose principal functions is to provide services to persons who are eligible for membership in the credit union, may be admitted to membership.

C. A credit union or corporate credit union may accept as a member any other credit union organized under this chapter or any other credit union law.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-522. Organization members - last updated March 08, 2022 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-522/

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