Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-593. Powers of corporate credit union; federal parity

1. Accept share accounts or deposit accounts from its members, state or federal credit unions, other corporate credit unions and credit union organizations or associations.

2. Make loans to, deposit in or invest in its members, state or federal credit unions and other corporate credit unions.

3. Participate with any state or federal credit union in making loans to members of the corporate credit union or to members of any participating credit union.

4. Act as intermediary for the monies of members, credit unions and other corporate credit unions.

5. Act as agent for members, other credit unions and credit union organizations in paying, receiving and transferring the assets and liabilities received and invested as permitted in this article.

6. Receive and hold in safekeeping the securities and other assets of its members and, in that connection, make such disposition of the assets as may be agreed to or directed by the member.

7. Provide payment systems and correspondent services to its members, nonmember state or federal credit unions, other corporate credit unions and credit union organizations or associations.