KRS 286.6-005: Definitions.

As used in this subtitle, unless the context otherwise requires:

(1) "Credit union" means a cooperative, nonprofit association, incorporated under this

subtitle, for the purposes of encouraging thrift among its members, creating a source

of credit at a fair and reasonable rate of interest, and providing an opportunity for its

members to use and control their own money on a democratic basis in order to

improve their economic and social condition.

(2) "Commissioner" means the commissioner of financial institutions.