South Carolina Statutes
§ 34-26-1310 — Purposes of corporate credit union.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 26 SOUTH CAROLINA CREDIT UNION ACT
The purposes of the corporate credit union are to:
(a)accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;
(b)act as an intermediary for credit union funds between members and other corporate credit unions;
(c)obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;
(d)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;
(e)provide payment systems and correspondent services to its members; and (f) perform such other services of benefit to its members which are authorized by the Board of Financial Institutions.
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South Carolina § 34-26-1310 (Purposes of corporate credit union.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996.
Nearby Sections
15
§ 34-26-100
Short title.§ 34-26-1010
Designation of depositories.§ 34-26-1020
Permissible investments of credit union funds.§ 34-26-110
Definitions.§ 34-26-1120
Special reserves.§ 34-26-1210
Merger.§ 34-26-1300
Corporate credit union.§ 34-26-1310
Purposes of corporate credit union.§ 34-26-1320
Corporate credit union membership.§ 34-26-1330
Application to form corporate credit union.