Massachusetts Law Updates

Official Blog of the Massachusetts Trial Court Law Libraries

Tag Archives: massachusetts credit unions

Credit Union Branching Regulations Posted on Aug 27

As we told you back in March in Credit Unions Branching Out, Massachusetts has a new law  (MGL c.171, s.8, as added by St.2014, c.466) governing Credit Unions opening branches. This month, the Division of Banks issued the applicable regulations at 209 CMR 58. According   …Continue Reading Credit Union Branching Regulations

Credit Unions Branching Out Posted on Mar 4

On January 7, 2015, an “Act Relative to Credit Union Branching” was approved permitting Massachusetts Credit Unions to maintain one or more branch offices or depots outside of Massachusetts. MGL Chapter 171 §8 was repealed and rewritten to authorize the establishment of branches in Connecticut, Maine, New Hampshire, Rhode Island, Vermont and New   …Continue Reading Credit Unions Branching Out