{"data":{"id":"us-vt/8-v.s.a.-31704","jurisdiction":"us-vt","citation":"8 V.S.A. § 31704","heading":"Purposes","body":"A corporate credit union is a credit union whose members consist primarily of other credit unions and whose purposes are to:\n(1) accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;\n(2) act as an intermediary for credit union funds between members and other corporate credit unions;\n(3) obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;\n(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\n(5) perform such other financial services of benefit to its members that are authorized by the Commissioner.","path":["Title 8: Banking and Insurance","Chapter 221: Organization and Management of Credit Union","Subchapter 007: CORPORATE CREDIT UNIONS"],"source_url":"https://legislature.vermont.gov/statutes/section/08/221/31704","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:09:21Z","sha256":"5228d8a69a55e339fe95c4a18735d52e3b6be1b6f6e76d965f4e5f29a7aa1430","source_id":"us-vt","stale":false,"prev":"us-vt/8-v.s.a.-31703","next":"us-vt/8-v.s.a.-31705"},"notice":"GroundRules: Original legal text. Not legal advice."}