Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Bill to remove deposit cap on Mass. governors desk
MARLBOROUGH, Mass. (8/6/10)--A bill that would remove the deposit limits under which state-chartered Massachusetts credit unions operate is on Massachusetts Gov. Deval Patrick’s desk. The bill, S.B. 468, “An Act Relative to Credit Union Shares and Deposits,” was introduced by Sen. Benjamin B. Downing (D-Pittsfield), said the Massachusetts Credit Union League (eWeekly Aug. 4). State-chartered credit unions had limits, based on their asset size, as to the amount of deposits they could accept. The measure would give them the opportunity to meet the demands of their members who would prefer to invest a greater portion of their money with the credit union but had been denied that opportunity because of an arbitrary cap, the league said.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
2 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
3 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
3 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
4 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
5 hours ago