6-571. Insurance for members A credit union may purchase or provide insurance on the lives or credit disability of its members in an amount equal to their respective share and loan balances or either or both of them and purchase or provide vendor’s single interest property insurance coverages on property which is pledged as security […]
6-572. Group purchasing A credit union may enter into marketing arrangements and joint ventures with other credit unions, credit union organizations or other organizations to facilitate its members’ voluntary purchase of goods and services from third parties, consistent with the purposes of the credit union. A credit union may be compensated for services so provided […]
6-573. Money type instruments A credit union may collect, receive and disburse monies in connection with the providing of negotiable instruments, money orders, traveler’s checks, credit or debit cards and other money instruments and may charge reasonable fees for these services.
6-574. Retirement accounts A credit union may act as trustee or custodian of any form of retirement, pension, profit sharing or deferred income accounts for its members, pension funds of self-employed individuals eligible for membership and pension funds of a company or organization whose employees or members are eligible for membership in the credit union.
