5. The mission of a financial services cooperative is(1) to receive deposits and invest them for profit;
(2) to extend, according to law, credit and supply other products and services;
(3) to promote cooperation between its members, between the members and the cooperative, and between the cooperative and other cooperative bodies;
(4) to promote economic, financial and social education and education in the cooperative field.
A cooperative may carry on the activities referred to in subparagraphs 1 and 2 of the first paragraph not only with regard to its members, but also with regard to any user; if it is a credit union, its mission is also to support community development.
2000, c. 29, s. 5; 2005, c. 35, s. 1; 2018, c. 232018, c. 23, s. 3011a.