Current through Register Vol. 46, No. 43, October 23, 2024
Section 97.3 - Permitted activitiesA credit union organization may engage in the following activities:
(a) originating, investing in, purchasing, selling, servicing or otherwise dealing in, directly or through participation, loans of any type which may be made by a credit union;(b) providing services primarily for other credit unions (e.g., accounting, auditing, clerical, consulting, data processing, investment advisory, managerial);(c) providing tax preparation services;(d) financing leases of personal property to members;(e) issuing credit cards and engaging in credit card operations;(f) opening and maintaining shared service centers in accordance with the provisions of section 97.8 of this Part; and(g) any other activity specifically approved by the superintendent.N.Y. Comp. Codes R. & Regs. Tit. 3 § 97.3