Mo. Rev. Stat. § 370.400
Credit union may act as custodian, when.
370.400. Credit union may act as custodian, when. — In addition to any other credit union authority, a credit union may act as a custodian for any entity, public or private, and place funds in any other financial institutions, provided such funds are placed in deposits and insured by federal deposit insurance.
(L. 2004 S.B. 1093)