State Credit Union Law and Legal Definition
According to 12 USCS § 1752 (6), the terms State credit union and State-chartered credit union mean “a credit union organized and operated according to the laws of any State, the District of Columbia, the several territories and possessions of the United States, the Panama Canal Zone, or the Commonwealth of Puerto Rico, which laws provide for the organization of credit unions similar in principle and objectives to Federal credit unions.”
