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Haw. Rev. Stat. § 412:10-801

Purposes

L 1993, c 350, pt of §1

The purposes of the corporate credit union are to:

(1) Accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;

(2) Act as an intermediary for credit union funds between members and other corporate credit unions;

(3) Obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;

(4) 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; and

(5) Provide payment systems and correspondent services to its members.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.