N.C.G.S. § 54-110.1 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

1. Version 1 — 2026-08-08 to present

   Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

   (a) A corporate credit union may be incorporated under this Article and shall be subject to all parts of this Chapter not inconsistent with this Article. (b) A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are: (1) To accumulate and prudently manage the liquidity of its member  credit unions through interlending and investment services; (2) To act as an intermediary for credit union funds between members and other corporate credit unions; (3) To obtain liquid funds from other credit union organizations, financial intermediaries, and other sources; (4) To foster and promote in cooperation with other state, regional, and national corporate credit unions and credit union organizations or associations the economic security, growth and development of member credit unions; and (5) To perform such other financial services of benefit to its members which are authorized by the Administrator of Credit Unions. (1983, c. 470.)