# Mo. Rev. Stat. § 370.005: 370.005 Definitions

> Missouri · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.005

## Section

- **Citation:** Mo. Rev. Stat. § 370.005
- **Heading:** 370.005 Definitions
- **Jurisdiction:** Missouri
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MO Code / Chapter 370 / Section 370.005

## Text

370.005. Definitions. — As used in sections 370.005 to 370.400 , the following terms mean:

(1) "Credit union" , a not-for-profit corporation organized for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, providing for the mutual benefit and general welfare of its members with the earnings, savings, benefits, and services being distributed to its members, for financial and financially related services, and for an opportunity for its members to improve their economic and social conditions;

(2) "Director" , the director of the division of credit unions.

(L. 1977 H.B. 48, A.L. 1978 S.B. 746, A.L. 2007 S.B. 591)

## Nearby sections

- [Mo. Rev. Stat. § 370.005 370.005 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.005.md)
- [Mo. Rev. Stat. § 370.006 370.006 Division of credit unions created — transfer — salary of director.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.006.md)
- [Mo. Rev. Stat. § 370.010 370.010 Credit union, how organized.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.010.md)
- [Mo. Rev. Stat. § 370.020 370.020 Certificate of organization, contents — membership shares, minimum, maximum ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.020.md)
- [Mo. Rev. Stat. § 370.030 370.030 Bylaws, contents.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.030.md)
- [Mo. Rev. Stat. § 370.040 370.040 Approval by director, certificate, provisional issuance, fee, examination.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.040.md)
- [Mo. Rev. Stat. § 370.050 370.050 Change of business location — notice — approval required.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.050.md)
- [Mo. Rev. Stat. § 370.060 370.060 Amendments to bylaws, effective when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.060.md)
- [Mo. Rev. Stat. § 370.061 370.061 Credit union commission, created, members, term, compensation — credit ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.061.md)
- [Mo. Rev. Stat. § 370.062 370.062 Duties.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.062.md)
- [Mo. Rev. Stat. § 370.063 370.063 Appeals — rules — nonseverability clause.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.063.md)
- [Mo. Rev. Stat. § 370.070 370.070 Powers of a credit union.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.070.md)
- [Mo. Rev. Stat. § 370.071 370.071 Additional powers of a credit union — membership fee allowed, when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.071.md)
- [Mo. Rev. Stat. § 370.072 370.072 Safe deposit boxes, to have same rights, powers and duties as bank and ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.072.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MO_C370_S370.005. Check the current official text before relying on it. Not legal advice.