South Carolina § 34-26-1310 Purposes of corporate credit union.

South Carolina Statutes

§ 34-26-1310 — Purposes of corporate credit union.

South Carolina § 34-26-1310

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 26SOUTH CAROLINA CREDIT UNION ACT

This text of South Carolina § 34-26-1310 (Purposes of corporate credit union.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 34-26-1310 (2026).

Text

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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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.