US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Section 723.001 – Definitions.

As used in this chapter, unless the context requires otherwise: (1) “Assets” means property, a right or a claim with future objectively measurable value that is owned or effectively controlled by a credit union. (2) “Capital” means a credit union’s reserves, undivided earnings and allowances for loan loss. (3) “Corporate central credit union” means a […]

Section 723.002 – Short title.

This chapter shall be known and may be cited as the “Oregon Credit Union Act.” [1975 c.652 §2; 1985 c.762 §78; 1985 c.801 §1; 1987 c.158 §152; 1987 c.373 §63; 1987 c.650 §2]

Section 723.006 – “Credit union” defined.

A credit union is a cooperative, nonprofit association, incorporated under the laws of this state, 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 in order to improve […]