Alabama Statutes
§ 5-17-1 — “Credit Union” Defined
Alabama § 5-17-1
JurisdictionAlabama
Title 5Banks and Financial Institutions
Ch. 17Credit Unions
Art. 1General Provisions
This text of Alabama § 5-17-1 (“Credit Union” Defined) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 5-17-1 (2026).
Text
A credit union is a cooperative society, incorporated for the twofold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest, particularly among groups of industrial workers and farmers, fraternal and religious organizations, and in those communities where the citizens of the state are distantly removed from convenient centers of business or easy access to financial agencies now provided for by laws of Alabama.
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Legislative History
(Acts 1927, No. 597, p. 696, §1; Code 1940, T. 28, §282; Acts 1975, No. 561, §1; Acts 1977, No. 210, p. 282, §3; Acts 1978, No. 469, p. 492, §5.)
Nearby Sections
15
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Bluebook (online)
Alabama § 5-17-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-17-1.