Credit union participation in federal or state loan programs; other powers.

S.C. Code Ann. § 34-26-880
in effect
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(1) A credit union may participate in any guaranteed loan program of the federal or state government under the terms and conditions specified in the law under which such a program is provided. (2) A credit union may purchase conditional sales contracts, notes, and similar instruments of its members. (3) A credit union may finance for any person by way of installment sales contract the sale of the credit union's property, including property obtained as a result of defaults in obligations owed to it. (4) A credit union may engage in the leasing of personal property to its members.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026

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