54-109.75. Insurance for members. (a) A credit union may purchase or make available insurance for its members in amounts related to their respective ages, shares, deposits or loan balances or to any combination of them. (b) A credit union may enter into cooperative marketing arrangements to facilitate its members’ voluntary purchase of insurance including, but […]
54-109.76. Liability insurance for officers. A credit union may purchase and maintain liability insurance on behalf of any person who is or was a director, officer, employee, or agent of the credit union, or who is or was serving at the request of the credit union as a director, officer, employee, or agent of another […]
54-109.77. Group purchasing. A credit union may enter into cooperative marketing arrangements to facilitate its members’ voluntary purchase of such goods and services as are in the interest of improving economic and social conditions of the members. (1975, c. 538, s. 1.)
54-109.78. Share and deposit insurance. (a) All credit unions established under this Chapter shall, no later than July 1, 1976, apply for insurance of member share and deposit accounts from any mutual deposit guaranty association which qualifies under Article 7A of Chapter 54 of the General Statutes (Mutual Deposit Guaranty Associations), or from the National […]
