Section 383-E:13-1302 - Purposes A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are:
(a) To accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;(b) To act as an intermediary for credit union funds between members and other corporate credit unions;(c) To obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;(d) 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(e) To perform such other financial services of benefit to its members which are authorized by the commissioner.Added by 2015, 272:16, eff. 10/1/2015. 2015, 272:16, eff. Oct. 1, 2015.