Community credit union definition
Community credit union means a Connecticut credit union that has ten million dollars or more in total assets and the membership of which is limited to persons within a well-defined [local] community, neighborhood or rural district as provided in subsection (a) of section [36a-438] 39 of this act.
Community credit union means a cooperative, nonprofit financial institution that
Community credit union means a cooperative, nonprofit financial institution that (A) [is organized under chapter 667 and the] has a field of membership [of] which is limited as provided in section 36a-438a, (B) operates for the benefit and general welfare of its members with the earnings, benefits or services offered being distributed to or retained for its members, and (C) is governed by a volunteer board of directors elected by and from its membership.
More Definitions of Community credit union
Community credit union means a federal credit union, as defined in section 36a-2, the membership of which is limited to persons or organizations within a well-defined local community, neighborhood or rural district as provided in the Federal Credit Union Act, 12 USC Section 1759(b)(3), as from time to time amended, that has assets of not more than five hundred million dollars or a state credit union that has assets of not more than five hundred million dollars; and