California Statutes

§ 14002. — 14002. (Amended by Stats. 1984, Ch. 209, Sec. 1.)

California § 14002.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 1.CHAPTER 1. General Provisions
Art. 1.ARTICLE 1. Definitions

This text of California § 14002. (14002. (Amended by Stats. 1984, Ch. 209, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 14002. (2026).

Text

A credit union is a cooperative, organized for the purposes of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, a credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.

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Legislative History

Amended by Stats. 1984, Ch. 209, Sec. 1.

Nearby Sections

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California § 14002., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14002..