A credit union is a cooperative, nonprofit association, incorporated under the laws of this state, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest and providing an opportunity for its members to use and control their own money in order to improve their economic and social condition.
ORS 723.006
Known as the Oregon Credit Union Act
The act spans §§ 723–723 (180 sections).
Applied in 1 court decision — leading case 161 Or. App. 544 - Edward D. Jones & Co. v. Mishler (1999)
Most recently applied in 161 Or. App. 544 - Edward D. Jones & Co. v. Mishler (July 1999)
1975 c.652 §3
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.