Section 7-103 - Purposes of CorporationThe purposes of the Corporation are to:
(1) Insure and guarantee the share and deposit accounts of member credit unions;(2) Improve and stimulate the ability of credit unions to provide low-cost consumer loans;(3) Promote the elasticity and flexibility of the resources of credit unions;(4) Make loans for liquidity purposes to credit unions;(5) Discount notes of credit unions;(6) Provide a State service of lending among credit unions;(7) Help rehabilitate and stabilize credit unions;(8) Help liquidate credit unions in an orderly manner when necessary;(9) Help strengthen and develop credit unions serving low-income individuals; and(10) Cooperate with and assist credit unions, organizations of credit unions, the Commissioner, the National Credit Union Administration, and others in improving the general welfare of the people through credit unions.