South Dakota Codified Laws 7-20-1.2. Domestic federal credit union as official depository–Requirement
Current as of: 2023 | Check for updates
|
Other versions
Any domestic federal credit union chartered by the United States is a qualified public depository for county funds if such funds are invested in accounts which are insured by the National Credit Union Administration.
Terms Used In South Dakota Codified Laws 7-20-1.2
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
Source: SL 1987, ch 71, § 1.