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Section 34-26-1310. Purposes of corporate credit union.

SC Code § 34-26-1310 (2019) (N/A)
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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.

HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.

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Section 34-26-1300. Corporate credit union.
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Section 34-26-1320. Corporate credit union membership.