N.Y. Banking Law § 490-j: Powers of credit unions with respect to agreement

§ 490-j. Powers of credit unions with respect to agreement. Any credit

union organized under the provisions of this chapter shall have the

power to become a party to the agreement provided for by this article,

and to take all actions authorized or required by the terms of such

agreement and to pay all contributions provided for therein. Any such

contributions paid into the fund by any party to such agreement may be

carried on its books by such party as an asset to the extent authorized

by the superintendent.