Purposes of corporate credit union

The purposes of the corporate credit union are to: (a) accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services; (b) act as an intermediary for credit union funds between members and other corporate credit unions; (c) obtain liquid funds from other credit union organizations, financial intermediaries, and other sources; (d) foster and promote in cooperation with other state, regional, and national corporate credit unions and credit union organizations or associations the economic security, growth, and development of member credit unions; (e) provide payment systems and correspondent services to its members; and (f) perform such other services of benefit to its members which are authorized by the Board of Financial Institutions.