In addition to the powers mentioned elsewhere in this chapter, a credit union may: (a) Enter into contracts necessary for the conduct of its business as authorized under this statute; (b) Sue and be sued; (c) Adopt, use and display a corporate seal; (d) Acquire, lease, hold, assign, sell, discount or otherwise dispose of property […]
A credit union may exercise all incidental powers that are convenient, suitable or necessary to enable it to carry out its purposes.
Unless exercise of a power is specifically denied, the commissioner may prescribe rules authorizing credit unions to exercise any of the powers conferred upon federal credit unions if the commissioner deems it appropriate for the purposes of credit unions in this state and a benefit to their members.
