186.113 Credit union powers. A credit union may:
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(5) THIRD−PARTY CHECKS. Issue 3rd−party checks from an account of a member upon request of the member.
(6) TRUST SERVICES.
(a) Contract with a trust organization authorized to do business in this state to provide trust services to the credit union’s members.
(b) Act as trustees or custodians of member tax deferred retirement funds, individual retirement accounts, medical savings accounts, or other employee benefit accounts or funds permitted by federal law to be deposited in a credit union.
(c) Act as a depository for member qualified and nonqualified deferred compensation funds as permitted by federal law.
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(11) ACCOUNTS.
(a) Offer deposit accounts to members.
(b) Offer deposit accounts to any person if the credit union satisfies the requirements specified in 12 CFR 701.34 (a) for designation as a low−income credit union and files a statement with the office of credit unions agreeing to be bound by requirements and conditions that are substantially identical to those imposed by the national board and the national credit union administration on federal credit unions designated under 12 CFR 701.34 (a).
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(13) MULTIPARTY ACCOUNTS. Issue multiple accounts in joint tenancy with any person designated by the member. The person first named on the account shall be a member of the credit union. A nonmember named in the joint account shall not acquire the right to vote, obtain loans or hold office because of the nonmember’s inclusion in the joint account.
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(16) DORMANT ACCOUNTS. Subject to ch. 177, establish a policy, including a fee schedule, for disposing of dormant accounts.
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(19) CLIENT FUND ACCOUNTS. Maintain real estate broker trust accounts under s. 452.13 for firms, as defined in s. 452.01 (4w), that are eligible for membership in the credit union, attorney trust accounts under s. 757.293 for attorneys who are eligible for membership in the credit union, and collection agency trust accounts under s. 218.04 (9g) for persons who are eligible for membership in the credit union.
(20) PUBLIC DEPOSITORY. Act as a depository of state and local public funds.
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(23) ACCEPT INVESTMENTS. Accept investments made by state or federally chartered credit unions.
(24) FUNERAL TRUSTS. Accept deposits made by members for the purpose of funding burial agreements by trusts created pursuant to s. 445.125