BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CREDIT UNION ACT
Powers of Credit Unions
383-E:4-401 Deposits; Loans.
A credit union may receive the money of its members on deposit and in payment of shares, upon such terms and in such amounts as its board of directors may prescribe. It may make loans to its members on such terms and upon such security, real or personal, as its written lending policy may prescribe.
Source. 2015, 272:16, eff. Oct. 1, 2015.