N.Y. Comp. Codes R. & Regs. Tit. 3 § 97.3 - Permitted activities

A 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

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