(a)

1. (1) Investments made pursuant to Section 25 of the Arkansas credit union act shall be safe and sound investments.
2. (2) Such investments, however, may be of the type to be defined as risk assets for purposes of computing the regular reserve requirement contained in Section 26 of the Arkansas credit union act.

(d)

1. (1) Upon authorization of its board of directors, or a duly authorized and appointed executive committee, a credit union may invest its funds in loans to other credit unions in the total amount not exceeding thirty-three and one-third percent (33 1/3%) of its shares and unimpaired surplus.
2. (2) The terms of such loans shall not exceed one (1) year.

(e) Prior to making such loans, the credit union shall require the borrowing credit union to furnish the following:

1. (1) A current financial and statistical report;
2. (2) A certified copy of the resolution of the board of directors or the executive committee authorizing such borrowing; and

3. (3) A certificate from the secretary of the credit union that:

   1. (A) The persons negotiating the loan and executing the note are officers of the credit union and are authorized to act in its behalf; and
   2. (B) Such borrowing does not exceed the maximum borrowing power of the borrowing credit union.