RCW 31.12.015

Declaration of policy.

Known as the Washington State Credit Union Act

The act spans §§ 31–31 (99 sections).

Applied in 1 court decision — leading case Save Columbia CU Committee v. Columbia Community Credit Union (2006)

Most recently applied in Save Columbia CU Committee v. Columbia Community Credit Union (July 2006)

1997 c 397 s 3

A credit union is a cooperative society organized under this chapter as a nonprofit corporation for the purposes of promoting thrift among its members and creating a source of credit for them at fair and reasonable rates of interest.

The director is the state's credit union regulatory authority whose purpose is to protect members' financial interests, the integrity of credit unions as cooperative institutions, and the interests of the general public, and to ensure that credit unions remain viable and competitive in this state.

Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.