Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 58.00 - Credit Union Branching
Section 58.05 - Application Requirements for Interstate Branching

Universal Citation: 209 MA Code of Regs 209.58

Current through Register 1537, December 20, 2024

(1) Application.

(a) Massachusetts-chartered Credit Union. A Massachusetts-chartered credit union seeking to establish a branch which is located within 100 miles of its main office and which is within Connecticut, Maine, New Hampshire, Rhode Island, Vermont, or New York must submit an application to the Division of Banks in a form prescribed by the Commissioner.

(b) Foreign Credit Union. A foreign credit union seeking to establish a branch in Massachusetts must submit an application to its state regulator.

(2) Timing. Each credit union is restricted to submitting one application in a 12-month period.

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