Florida Statutes 657.003 – Purposes
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Terms Used In Florida Statutes 657.003
- Credit union: means any cooperative society organized pursuant to this chapter. See Florida Statutes 657.002
A credit union is a cooperative, nonprofit association, organized under this chapter, for the purposes of encouraging thrift among its members, creating sources of credit at fair and reasonable rates of interest, and providing an opportunity for its members to use and control their resources on a democratic basis in order to improve their economic and social condition.