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N.H. Rev. Stat. Ann. § 383-E:13-1302

Purposes

Known as the Credit Union Act

The act spans §§ 383-E:10-1001 to 383-E:9-903 (85 sections).

Source. 2015, 272:16, eff

A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are:

(a) To accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;

(b) To act as an intermediary for credit union funds between members and other corporate credit unions;

(c) To obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;

(d) To 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

(e) To perform such other financial services of benefit to its members which are authorized by the commissioner.

Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.