Powers incidental to purpose of credit union; limitations.

S.C. Code Ann. § 34-26-420
in effect
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A credit union may exercise incidental powers to enable it to carry out its purposes. However, the powers granted by state law or regulation to a state-chartered credit union shall not exceed those provided by federal law to a federally chartered credit union. Effect of Amendment The 2007 amendment at the end of the second sentence substituted "to a federally chartered credit union" for "or regulation".
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026

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