Bill
Bill > H3690
MA H3690
MA H3690Relative to interstate branching of a credit union and the Massachusetts Credit Union Share Insurance Corporation
summary
Introduced
05/08/2017
05/08/2017
In Committee
03/12/2018
03/12/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Kafka of Stoughton, a petition (subject to Joint Rule 9) of Louis L. Kafka and others that the Massachusetts Credit Union Share Insurance Corporation be authorized to create and maintain a fund for the insurance of shares and deposits of members of the Central Credit Union Fund, Inc. Financial Services.
AI Summary
This bill amends existing Massachusetts laws to allow the Massachusetts Credit Union Share Insurance Corporation to create and maintain a fund for the insurance of shares and deposits of members of the Central Credit Union Fund, Inc. and of credit unions established under the laws of the Commonwealth, other states, or the United States that become regular or excess members of the Corporation. The bill also removes the requirement that a credit union have a usual place of business within the Commonwealth to be eligible for membership.
Committee Categories
Business and Industry
Sponsors (6)
Thomas Calter (D),
David DeCoste (R),
Steven Howitt (R),
Louis Kafka (D),
Patrick O'Connor (R),
Alan Silvia (D),
Last Action
Amendment #1 (Speliotis) adopted (on 12/28/2018)
Official Document
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/190/H3690 |
| Bill | https://malegislature.gov/Bills/190/H3690.pdf |
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