Section 17:13-73.1 - Purposes of corporate central credit union; application of Credit Union Act of 1984The corporate central credit union shall subject to all parts of "The Credit Union Act of 1984," P.L. 1984, c. 171, sections 2 to 46 (C. 17:30-80 to C. 17:13-124) not inconsistent with these amendatory and supplementary sections.
A corporate central credit union shall be a nonprofit association, the purpose of which is:
a. To assist in the management of the liquidity of its member credit unions through interlending and investment and related services;b. To act as an intermediary for the movement of credit union funds between member credit unions and other corporate credit unions;c. To obtain funds from other credit union organizations, financial intermediaries, and other sources;d. To foster and promote, in cooperation with other state, regional, and national central credit unions and credit union organizations or associations, the economic security, growth and development of member credit unions; ande. To perform any other financial services or benefit to its members which are authorized by the commissioner.L.1984, c.171, s.50, eff. 10/31/1984.