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66 chapters · 278 sections in this title.
9-B M.R.S. § 821 Powers in general
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In addition to all services to members and to nonmembers as provided in section 817 incidental to the powers granted credit unions elsewhere in this Title, a credit union is empowered to do the acts set forth in this chapter, subject to the conditions and limitations set forth he…
9-B M.R.S. § 822 Borrowing
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1. Limitation. A credit union may borrow moneys from any source; provided that its aggregate borrowing shall not exceed 50% of its paid-in share capital and total surplus. 2. Exceeding limitation. Upon making application to and receiving the written approval of the superintendent…
9-B M.R.S. § 823 Services for members
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1. Sale of negotiable instruments. A credit union may engage directly in the business of selling, issuing or registering negotiable instruments to its members. 2. Safe deposit boxes. A credit union may own and maintain safe deposit vaults, with boxes, safes and other facilities t…
9-B M.R.S. § 824 Participation in electronic funds transfer system
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1. Authorization. A credit union may issue cards or other devices to its members that permit the members to gain access to or participate in an established electronic funds transfer system. 2. Limitations.