Florida Statute 657.003 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 657
CREDIT UNIONS

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657.003 Purposes.—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.

History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; s. 1, ch. 92-303.

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