Domestic federal credit union as official depository--Requirement

SDCL § 7-20-1.2, under DEPOSIT OF COUNTY FUNDS.

SDCL § 7-20-1.2

Any domestic federal credit union chartered by the United States is a qualified public depository for county funds if such funds are invested in accounts which are insured by the National Credit Union Administration. Source: SL 1987, ch 71 , § 1.