7-9-2. Description of credit unions.
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7-9-2. Description of credit unions.
A credit union is a cooperative, nonprofit association, incorporated under this chapter to encourage thrift among its members, to create sources of credit at fair and reasonable rates of interest, and to provide an opportunity for its members to use and control their resources on a democratic basis in order to improve their economic and social condition.
Enacted by Chapter 16 , 1981 General Session