657.003 Purposes.
58 words·~1 min read·
/fl/title-xxxviii/chapter-657/657-003·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A credit union is a cooperative, nonprofit association, organized under this chapter, for the purposes of encouraging thrift among its members, creating sources of credit at fair and reasonable rates of interest, and providing an opportunity for its members to use and control their resources on a democratic basis in order to improve their economic and social condition.