# Fla. Stat. § 657.003: 657.003 Purposes

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.003

## Section

- **Citation:** Fla. Stat. § 657.003
- **Heading:** 657.003 Purposes
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVIII / Chapter 657 / Section 657.003

## Text

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.

## Nearby sections

- [Fla. Stat. § 657.001 657.001 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.001.md)
- [Fla. Stat. § 657.002 657.002 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.002.md)
- [Fla. Stat. § 657.003 657.003 Purposes.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.003.md)
- [Fla. Stat. § 657.005 657.005 Application for authority to organize a credit union; investigation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.005.md)
- [Fla. Stat. § 657.008 657.008 Place of doing business.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.008.md)
- [Fla. Stat. § 657.021 657.021 Board of directors; executive committee responsibilities; oaths; reports to the office.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.021.md)
- [Fla. Stat. § 657.022 657.022 Executive officers.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.022.md)
- [Fla. Stat. § 657.023 657.023 Membership.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.023.md)
- [Fla. Stat. § 657.024 657.024 Membership meetings.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.024.md)
- [Fla. Stat. § 657.026 657.026 Supervisory or audit committee.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.026.md)
- [Fla. Stat. § 657.027 657.027 Credit committee and credit manager.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.027.md)
- [Fla. Stat. § 657.028 657.028 Activities of directors, officers, committee members, employees, and agents.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.028.md)
- [Fla. Stat. § 657.031 657.031 Powers.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.031.md)
- [Fla. Stat. § 657.033 657.033 Accounts.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.033.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C657_S657.003. Check the current official text before relying on it. Not legal advice.