§412:10-801 - Purposes. - Hawaii Statutes

     §412:10-801  Purposes.  The purposes of the corporate credit union are to:

     (1)  Accumulate and prudently manage the liquidity of its member credit unions through interlending and  investment services;

     (2)  Act as an intermediary for credit union funds between members and other corporate credit unions;

     (3)  Obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;

     (4)  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)  Provide payment systems and correspondent services to its members. [L 1993, c 350, pt of §1]