Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mass. governor signs bill to remove deposit cap
MARLBOROUGH, Mass. (8/12/10)--Massachusetts Gov. Deval Patrick has signed the Massachusetts Credit Union League's legislative filing to remove deposit caps for credit unions into law. The league reported that Senate Bill 468, "An Act Relative to Credit Union Shares and Deposits," was signed on Monday. The bill passed the state legislature on July 31, according to the document signed. It removes the deposits limit under which state-chartered credit unions in Massachusetts operated. The measure provides credit unions the opportunity to meet demands of members who preferred to invest more with their credit union but had been denied the opportunity because of the arbitrary cap, the league said (News Now Aug. 6). The law, which will be effective on Nov. 7, was introduced by Sen. Benjamin B. Downing (D-Pittsfield).


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
8 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
9 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
10 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
10 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
10 hours ago