RSA 383-E:4-402 Use of Funds.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-E - CREDIT UNION ACT
While awaiting call of its members for loans, a credit union may make use of its funds as described in and according to the limitations of the following subsections:
(a) It may deposit its money in any corporate credit union whose shares and deposits are insured by the National Credit Union Administration or other qualified share and deposit insurance fund deemed acceptable by the commissioner, and may deposit its money in any federally insured bank.
(b) It may invest any surplus in obligations of the United States government, including any loans included in the Participation Sales Act of 1966, 12 U.S.C. section 1701, or of the state, or of any county, city or town of the state issued under authority of law.
(c) It may invest in securities, obligations, participati