Vermont Statutes Title 8. Banking and Insurance, § 31705. Powers

(1) accept shares or deposits in any form from its members, from other state, regional, or national corporate credit unions, and from credit union organizations and associations;

(2) make loans to its members, to other credit unions, and to other state, regional, and national corporate credit unions, organizations, and associations of credit unions;

(3) establish lines of credit for members and participate with other credit unions in making loans to its members under the terms and conditions determined by the board of directors;

(4) invest in the shares of or make deposits in credit unions;

(5) borrow money, accept demand deposits, and issue notes or debentures;

(6) acquire or sell the assets and assume the liabilities of a member; and

(7) enter into agreements with credit unions to discount or purchase loans made pursuant to government-guaranteed loan programs, real estate loans made by members, or any obligations of the United States or any agency thereof held by members.