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Current as of January 01, 2024 | Updated by Findlaw Staff
The purposes of the corporate credit union are to:
(a) Accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;
(b) Act as an intermediary for credit union funds between members and other corporate credit unions;
(c) Obtain liquid funds from other credit union organizations, financial intermediaries and other sources;
(d) 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;
(e) Provide payment systems and correspondent services to its members; and
(f) Perform such other services of benefit to its members which are authorized by the commissioner.
Cite this article: FindLaw.com - West Virginia Code Chapter 31C. Credit Unions § 31C-11-2. Purposes - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-31c-credit-unions/wv-code-sect-31c-11-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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