Arkansas Statutes

§ 23-35-101 — Definition and purpose of credit union or central credit union

Arkansas·Title 23
A credit union or central credit union is a cooperative nonprofit association, incorporated in accordance with the provisions of this chapter for the twofold purpose of encouraging thrift among its members and creating a source of credit at fair and reasonable rates of interest. A credit union or central credit union provides an opportunity for its members to use and control their own money in order to improve their economic and social condition.

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Related

Opinion No.
(Arkansas Attorney General Reports, 1992)

Legislative History

Acts 1971, No. 132, §§ 1, 2; A.S.A. 1947, §§ 67-901, 67-902.

Nearby Sections

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