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Chapter 723
2017 EDITIONCredit Unions
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What is credit union defined for?
Credit union is defined as a member-owned financial cooperative, controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.
Who is required to file credit union defined for?
Credit unions are required to file this definition with the appropriate regulatory bodies as part of their compliance with financial regulations.
How to fill out credit union defined for?
To fill out the credit union definition, the institution must provide information about its ownership structure, governance, services offered, and other relevant details.
What is the purpose of credit union defined for?
The purpose of defining a credit union is to establish clear guidelines for its operation, ensure compliance with regulations, and communicate its mission to members and regulators.
What information must be reported on credit union defined for?
The report must include details about the credit union's membership, financial activities, governance structure, services offered, and any other relevant information.
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