# ORS § 723.006: 723.006 “Credit union” defined

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.006

## Section

- **Citation:** ORS § 723.006
- **Heading:** 723.006 “Credit union” defined
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 54 / Chapter 723 / Section 723.006

## Text

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).

## Nearby sections

- [ORS § 723.001 723.001 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.001.md)
- [ORS § 723.002 723.002 Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.002.md)
- [ORS § 723.006 723.006 “Credit union” defined](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.006.md)
- [ORS § 723.008 723.008 “Credit union” defined for ORS 723.136 and 723.464 to 723.498](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.008.md)
- [ORS § 723.012 723.012 Organization procedure](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.012.md)
- [ORS § 723.014 723.014 Denial of certificate of approval](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.014.md)
- [ORS § 723.016 723.016 Form of articles and bylaws](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.016.md)
- [ORS § 723.022 723.022 Amendment of articles and bylaws](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.022.md)
- [ORS § 723.026 723.026 Use of name exclusive](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.026.md)
- [ORS § 723.032 723.032 Places of business](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.032.md)
- [ORS § 723.042 723.042 Interstate credit unions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.042.md)
- [ORS § 723.102 723.102 Rulemaking authority](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.102.md)
- [ORS § 723.106 723.106 Reports](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.106.md)
- [ORS § 723.112 723.112 Examinations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.112.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T54_C723_S723.006. Check the current official text before relying on it. Not legal advice.