Items Needed for the Finacial Statemetn Audit - Iowa
Per Iowa Code 12C.1, (2.b) credit unions are a cooperative, nonprofit association incorporated under chapter 533 or the federal Credit Union Act, 12 U.S.C. 1752 et seq., and are insured by the National Credit Union Administration. 12C.1 (2.c) “Depository” means a bank or a credit union in which public funds are deposited under this chapter ... ................
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