Part Operation of credit union

Northern Ireland

1. 22Restriction on business of credit union
2. 23Shares
3. 23APower to issue interest-bearing shares
4. 23BDuties where interest-bearing shares have been issued
5. 24Prohibition on carrying on banking
6. 25Prohibition on deposit-taking
7. 26Deposits by persons too young to be members
8. 27Power to borrow money
9. 28Loans by credit unions
10. 28ALoans to be treated as secured
11. 28BLoans by approved credit unions
12. 28CGrant of certificates of approval
13. 28DWithdrawal of certificates of approval
14. 29Promissory notes and bills of exchange
15. 30Contracts
16. 31Charges on assets of credit unions
17. 32Holding of land
18. 33Investments
19. 34Discharge of mortgages
20. 35Receipt on payment of money secured to a credit union
21. 36Application of surplus
22. 37Insurance against fraud or other dishonesty
23. 38Guarantee funds
24. 39Prohibition on undischarged bankrupts and other persons