Administrative Code

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Virginia Administrative Code
Title 10. Finance and Financial Institutions
Agency 5. State Corporation Commission
Chapter 40. Credit Unions
8/25/2019

10VAC5-40-50. Services for Nonmembers within the Field of Membership.

A state-chartered credit union shall have the power to provide the following services to persons within its field of membership regardless of such persons' membership status:

1. Selling negotiable checks (including travelers checks), money orders, and other similar money transfer instruments (including international and domestic electronic fund transfers); and

2. Cashing checks and money orders and receiving international and domestic electronic fund transfers for a fee.

Statutory Authority

§§ 6.2-1303 and 12.1-13 of the Code of Virginia.

Historical Notes

Derived from Volume 23, Issue 18, eff. May 1, 2007.

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