§412:10-801 Purposes. The purposes of the corporate credit union are to: (1) Accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services; (2) Act as an intermediary for credit union funds between members and other corporate credit unions; (3) Obtain liquid funds from other credit union organizations, financial intermediaries, and other sources; (4) 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 (5) Provide payment systems and correspondent services to its members. [L 1993, c 350, pt of §1]
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