§31C-10-2. Merger of Credit Unions
(a) A credit union organized under this chapter may, with the approval of the commissioner and regardless of common bond, merge with one or more other credit unions organized under this chapter, the laws of another state or territory of the United States or the laws of the United States. (b) When two or more […]
§31C-7-9. Loans to Officials
(a) A credit union may permit officers, directors, and members of its supervisory and credit committees to act as comakers, guarantors or endorsers of loans to other members, subject to the requirements of subsection (b) of this section. (b) A credit union may make loans to its officers, directors and members of its supervisory and […]
§31C-8-1. Insurance for Members
A credit union may purchase or make available credit life or other credit insurance for its members either on an individual or group basis.
§31C-8-2. Indemnification of Officers
A credit union may indemnify its officers, directors or employees by purchase of insurance or otherwise, to the extent that such indemnification is permitted to that institution under federal law. Indemnification articles or bylaws must conform to, or be more restrictive than, that set forth in section nine, article one, chapter thirty-one of this code. […]
§31C-8-3. Group Purchasing
A credit union may enter into marketing arrangements and joint ventures with other credit unions, organizations or financial institutions to facilitate its members' voluntary purchase of goods, insurance and other services from third parties, consistent with the purposes of the credit union. A credit union may be compensated for services so provided.
§31C-8-4. Money-Type Instruments
A credit union may collect, receive and disburse moneys in connection with the providing of negotiable checks, money orders, travelers' checks and other money-type instruments, and the providing of these services through automated teller machines (ATMs) and for such other purposes as may provide benefit or convenience to its members. A credit union may charge […]
§31C-8-5. Retirement Accounts and Trust Authority
A credit union may provide pension savings programs and deferred income accounts, including individual retirement accounts. In order to carry out its authority under this section, a credit union may: (a) Contract for the provision of trust services to its members with a trust company or other organization with trust powers authorized to do business […]
§31C-7-5. Loan Limit; Collateral Requirements; and Repayment
(a) The aggregate of loans to any one member shall be limited to ten percent of the credit union's assets. This limit shall not apply to loans which are fully secured by assignments of shares or deposits in the credit union. (b) Loans to members which in the aggregate exceed the amount shown in the […]
§31C-7-6. Line of Credit
(a) Upon written application by a member, the credit committee or loan officer may approve a line of credit, and loan advances may be granted to the member within the limit of such line of credit. Access to the line of credit may be by use of a lender credit card. Where a line has […]
§31C-7-7. Participation Loans
A credit union may participate in loans to credit union members jointly with other credit unions, credit union organizations or other organizations pursuant to written policies established by the credit union's board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount […]