§412:10-503  Deposits made by creditunions.  A credit union may deposit any of its funds in a deposit or shareaccount with another depository institution; provided that the other depositoryinstitution has been designated a depository by the board of directors of thecredit union and the accounts of the depository institutions are insured by theFederal Deposit Insurance Corporation, National Credit Union Share InsuranceFund or a successor agency. [L 1993, c 350, pt of §1]