Florida Statute 657.002 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 657
CREDIT UNIONS

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F.S. 657.002

657.002 Definitions.—As used in this chapter:

(1) “Capital” means shares, deposits, and equity.

(2) “Corporate credit union” means any credit union organized pursuant to any state or federal act for the purpose of serving other credit unions.

(3) “Correspondent” means that person designated on an application to organize a credit union as the person to whom all correspondence regarding the application should be sent.

(4) “Credit union” means any cooperative society organized pursuant to this chapter.

(5) “Deposits” means that portion of the money placed into the credit union by members on which interest may be paid.

(6) “Equity” means undivided earnings, regular reserves, and other reserves.

(7) “Foreign credit union” means a credit union organized and operating under the laws of another state.

(8) “Immediate family” means parents, children, spouse, or surviving spouse of the member, or any other relative by blood, marriage, or adoption.

(9) “Limited field of membership” means the defined group of persons designated as eligible for membership in the credit union who:

(a) Have a similar profession, occupation, or formal association with an identifiable purpose;

(b) Live or work within an identifiable neighborhood, community, rural district, or county;

(d) Are employed by the credit union; and

members of the immediate family of persons within such group.

(10) “Shares” means the money placed into the credit union by members on which dividends may be paid.

History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318; ss. 7, 58, ch. 85-82; s. 1, ch. 91-307; ss. 1, 77, ch. 92-303; s. 1740, ch. 2003-261; s. 142, ch. 2004-5; s. 7, ch. 2005-181.

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Amendments to 657.002

Arrestable Offenses / Crimes under Fla. Stat. 657.002

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 657.002.

Annotations, Discussions, Cases:

Cases Citing Statute 657.002

Total Results: 6

Dixon v. State

Court: District Court of Appeal of Florida | Date Filed: 1987-04-28

Citation: 506 So. 2d 55, 12 Fla. L. Weekly 1110, 1987 Fla. App. LEXIS 7880

Snippet: 5th DCA 1986), review granted (Fla. Case no. 69,657).2 *57The only other point presented concerns the

Ago

Court: Florida Attorney General Reports | Date Filed: 1984-04-03

Snippet: or shares and deposits or obligations (see, ss 657.002 and 657.031, F.S.) of a credit union. Section402

Ago

Court: Florida Attorney General Reports | Date Filed: 1980-11-21

Snippet: such use of space to the Auditor General. See s. 657.002(6), F. S. (1980 Supp.), defining `credit union'

Kern v. Kern

Court: District Court of Appeal of Florida | Date Filed: 1975-04-18

Citation: 311 So. 2d 130, 1975 Fla. App. LEXIS 13865

Snippet: 1974, 291 So.2d 210, cert. den. Fla., 294 So.2d 657. (2) Upon remand, the trial court in Palm Beach County

Riddle Airlines, Inc. v. Mann

Court: District Court of Appeal of Florida | Date Filed: 1960-10-27

Citation: 124 So. 2d 19

Snippet: 44, 46; Graham v. Clyde, Fla.1952, 61 So.2d 656, 657; 2 Pomeroy’s Equity Jurisprudence, § 452 (5th ed.)

Thomson v. Kyle

Court: Supreme Court of Florida | Date Filed: 1897-06-15

Citation: 39 Fla. 582

Snippet: lands are situated. 1 Jones on Mortgages, sec. 657; 2 Parsons on Contracts, *585; Story on Conflict of