Section 412:10-200 - General powers(a) Except as expressly prohibited or limited by this chapter, a credit union shall have the power to issue shares, solicit, accept and hold deposits, and engage in any activities which are usual or incidental to the business of a credit union. In addition to the powers mentioned elsewhere in this article, a credit union may: (1) Enter into contracts of any nature;(3) Adopt, use and display a common seal;(4) Acquire, lease, hold, assign, pledge, hypothecate, sell, or otherwise dispose of property, either in whole or in part, necessary or incidental to its operations;(5) Offer to its members, public unit accounts and other credit unions, shares, share certificates, share drafts, deposits, as provided in this article;(6) Make loans and extensions of credit of any kind, whether unsecured or secured by real or personal property of any kind or description;(7) Borrow from any source within or without the State; provided that a credit union shall notify the commissioner in writing of its intention to borrow in excess of an aggregate of fifty per cent of its capital;(8) Discount or sell any of the credit union's assets, and purchase the assets of another credit union;(9) Offer related financial services, including, but not limited to, electronic fund transfers, safe deposit boxes, leasing and correspondent arrangements with other financial institutions;(10) Hold membership in other credit unions organized under this or other laws, in service centers, and in associations and organizations controlled by or fostering the interests of credit unions, including a central liquidity facility organized under state or federal law;(11) Engage in activities and programs as requested by any governmental unit, subject to approval by the board of directors and not inconsistent with this article;(12) Act as fiscal agent for and receive payments on share and deposit accounts from a governmental unit;(13) Make contributions to any nonprofit civic, charitable or service organizations; and(14) Make investments as permitted under this article.(b) A credit union may exercise all incidental powers that are necessary or requisite to enable it to effectively carry out its purposes.