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Bill > H3772


MA H3772

MA H3772
Relative to Massachusetts Credit Union Share Insurance Corporation


summary

Introduced
03/22/2023
In Committee
04/13/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to Massachusetts Credit Union Share Insurance Corporation. Financial Services.

AI Summary

This bill makes several changes to the Massachusetts Credit Union Share Insurance Corporation. Notably, it expands the geographic area and types of credit unions that can become members of the corporation, allows the corporation to make certain investments, and provides additional financial assistance options for member credit unions that are in need. The bill also allows for the merger or conversion of credit unions, mutual banks, and cooperative banks. Overall, the bill aims to provide more flexibility and support for credit unions in Massachusetts.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a new draft, see H4658 (on 05/23/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H3772
BillText https://malegislature.gov/Bills/193/H3772.pdf
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