West Virginia § 31C-11-2 Purposes

West Virginia Statutes

§ 31C-11-2 — Purposes

West Virginia § 31C-11-2

Ch. 31CCREDIT UNIONS

Art. 11CORPORATE CREDIT UNION

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Bluebook

W. Va. Code § 31C-11-2 (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 commissioner.

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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 commissioner.