§412:10-413  Other loan programs.  (a) A credit union may loan to members under any government guaranteed or insuredloan program and such insurance on these loans shall be deemed adequatesecurity.  The terms of such loans shall be as defined by the board ofdirectors under the provisions of the loan program.

(b)  A credit union may purchase theconditional sales contracts, notes and similar instruments of its members.

(c)  A credit union may finance for any personthe sale of the credit union's personal property, including property obtainedas a result of defaults in obligations owed to the credit union, under theterms, conditions and rates provided by this article. [L 1993, c 350, pt of §1]