RSA 383-E:4-409 Loan of Securities.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-E - CREDIT UNION ACT
In order to increase income from investment securities, any credit union may loan to brokerage firms which are members of an exchange any stocks, bonds or other securities in which the credit union has invested under this chapter provided that:
(a) Each loan shall be executed through a correspondent bank having assets of not less than $500,000,000;
(b) At the inception of the loan at least 100 percent of the market value of the securities lent shall be secured by cash or debt obligations of the United States or debt obligations for which the faith and credit of the United States is pledged for the payment of the principal and interest thereof;
(c) At all times during the term of the loan the collateral securing the same shall be equal in value to not less than 95 p