723.006 “Credit union” defined
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OR Code › Title 54 › Chapter 723 › Section 723.006
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A credit union is a cooperative, nonprofit association, incorporated under the laws of this state, for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest and providing an opportunity for its members to use and control their own money in order to improve their economic and social condition. [1975 c.652 §3]
Source: Section 723.006 — “Credit union” defined , https://www.oregonlegislature.gov/bills_laws/ors/ors723.html (accessed May 26, 2025).
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