Any domestic federal credit union chartered by the United States is a qualified public depository for county funds if such funds are invested in accounts which are insured by the National Credit Union Administration.
S.D. Codified Laws § 7-20-1.2
Domestic federal credit union as official depository--Requirement
Source: SL 1987, ch 71, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.