Purposes of corporate credit union.

S.C. Code Ann. § 34-26-1310

in effect

The purposes of the corporate credit union are to: (a) accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services; (b) act as an intermediary for credit union funds between members and other corporate credit unions; (c) obtain liquid funds from other credit union organizations, financial intermediaries, and other sources; (d) 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; (e) provide payment systems and correspondent services to its members; and (f) perform such other services of benefit to its members which are authorized by the Board of Financial Institutions.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026