The credit union shall have a general lien on the share
accounts, any membership shares, and accumulated dividends of a
member for any sum owed the credit union by said member and for any
loan endorsed by that member. The credit union shall also have a
right of immediate set-off with respect to every deposit account.
The credit union may also refuse to allow withdrawals from any
share or deposit account. The credit union may waive its rights to
a lien, to immediate set-off, to restrict withdrawals, or to any
combination of such rights with respect to any share or deposit
account or groups of such accounts.