A credit union may collect, receive and disburse money in connection with the providing of negotiable checks, money orders, travelers checks and other money-type instruments for its members and other persons within the credit union's field of membership and in connection with the providing of services through service facilities, including automated terminal machines, and for such other purposes as may provide benefit or convenience to its members. A credit union may charge reasonable fees for those services.
§ 58-11-53 NMSA 1978
Money-type instruments
Known as the Credit Union Act
The act spans §§ 58–58 (67 sections).
Laws 1987, ch. 311, § 53; 1991, ch. 51, § 16; 1997, ch. 195, § 34; 2003, ch. 28, § 11.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.