A credit union may exercise all incidental powers that are suitable and necessary to enable it to carry out its purpose.

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Terms Used In Nebraska Statutes 21-1742

  • Credit union: shall mean a cooperative, not-for-profit corporation organized under the Credit Union Act for purposes of educating and encouraging its members in the concept of thrift, creating a source of credit for provident and productive purposes, and carrying on such collateral activities as are set forth in the act. See Nebraska Statutes 21-1705