Purposes

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 commissioner.