The corporate credit union may require and accept security for loans to a member in the form of a pledge, assignment, hypothecation, or mortgage of any assets of the member or a guarantor.
Acceptance of security for loans; pledges, assignments, hypothecation, or mortgages
S.C. Code Ann. § 34-26-1360, under Title 34, Chapter 26.
S.C. Code Ann. § 34-26-1360