Any domestic federal credit union chartered by the United States is a qualified public depository for school district funds if such funds are invested in accounts which are insured by the National Credit Union Administration.
S.D. Codified Laws § 13-16-18.1
Domestic federal credit union as public depository--Requirement
Source: SL 1987, ch 71, § 3; SL 1988, ch 27, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.