Credit Union Act Article 27

The League’s roles are as follows:1. Guiding credit unions to develop its bylaw.2. Conducting mutual assistance education and training programs.3. Evaluating the establishment of credit unions and protecting their rights.4. Supervising, auditing, and guiding credit unions.5. Undertaking insurance programs of credit unions.6. Managing the reserve funds deposited by credit unions.7. Undertaking financing for credit unions and operating the excessive funds deposited by credit unions.8. Assisting credit unions with their subscriptions of national bonds.9. Undertaking cooperative businesses like children’s nurseries and elderly care for the credit union members.10. Participating in social enterprises in the form of cooperative businesses and undertaking public welfare businesses.11. Other approved tasks.Subparagraph 7 in the preceding Paragraph may be applicable to the League’s fund raising and use concerning the execution of its roles, and the financing and operating of the surplus funds stipulated in the same Subparagraph and other compliance requirements shall be determined by the League and submitted to the central competent authority for reference.The League’s undertaking of role 10 in Paragraph 1 shall be submitted to the central competent authority for reference .The roles executed by the League shall be subject to the supervision and guidance of the central competent authority, but the central competent authority may coordinate with other the target business competent authorities concerning the roles to provide assistance.