TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 394-B CREDIT UNIONS
Corporate Credit Union
Section 394-B:57
394-B:57 Purposes. –
A 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.