California § 14002 - A credit union is a cooperative, organized for the purposes of promoting thrift a
Full text of California Public Contract Code - PCC § 14002 — A credit union is a cooperative, organized for the purposes of promoting thrift a, with citation guidance and answers to common questions.
§ 14002. A credit union is a cooperative, organized for the purposes of promoting thrift a
A credit union is a cooperative, organized for the purposes of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, a credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14002
What does Public Contract Code - PCC § 14002 cover?
Section 14002 ("A credit union is a cooperative, organized for the purposes of promoting thrift a") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 14002?
A common citation format is "Public Contract Code - PCC § 14002" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 14002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.