Massachusetts

Directors’ college July 14, 2016 for MA/NH/RI/DE

1st credit union to take advantage of new interstate branching law
Feb. 5, 2016 — Lowell, Mass. — Jeanne D’Arc Credit Union said it will open its 10th branch office later this year in Nashua, becoming the first state-chartered credit union to take advantage of a new law allowing for expansion outside Massachusetts (Lowell Sun).

Final amendments for Mass branching law filed
Aug. 4, 2015 – Boston, Mass. – The Division of Banks has filed final amendments to implement new legislation relative to credit union branching.

Application published for Mass. branching under new law

July 2, 2015 – Boston, Mass. – An official application for Massachusetts credit unions wishing to branch in one of the other New England states or New York – or for credit unions from those states to branch into the Bay State — has been finalized and distributed by the commonwealth’s Office of Consumer Affairs & Business Regulation (OCABR), Division of Banks.

Massachusetts Credit Union Turns Eyes Toward Rhode Island for Growth
April 21, 2015 – Sharon Credit Union is asking the Massachusetts Division of Banks to allow it to expand into three Rhode Island counties, after bringing on a two-time bank CEO as its new chief operations officer.

Crescent Credit Union Donates $5,000 to School on Wheels Massachusetts
April 8, 2015 – Brockton, Mass.  Over refreshments and hors d’oeuvres, business leaders from across the region networked during a Business After Hours event at Crescent Credit Union sponsored by the Metro South Chamber of Commerce.

Interstate Branching Bill Passed in Massachusetts
January 8, 2015 – The Massachusetts Legislature has passed a regional interstate banking and branching measure permitting Massachusetts state credit unions to branch in the New England area.

Mass. State Regulator adds “S” to CAMEL Ratings
December 30, 2014 – Boston, Mass. – Massachusetts’ state regulator is adding a new component—and an “S”—to CAMEL ratings to reflect added focus on Sensitivity to Market Risk.

Massachusetts, North Carolina and Wisconsin Regulators Elected to the NASCUS Board
September 10, 2014 – Nashville, Tenn. – At the 2014 NASCUS Annual Meeting on Sept. 10 in Nashville, three NASCUS Board members began new three-year terms.

Massachusetts Division of Banks Receives First Joint Bank, Credit Union, and Mortgage Accreditation

June 2, 2014 – NASCUS, The Conference of State Bank Supervisors (CSBS), and the American Association of Residential Mortgage Regulators (AARMR) announced today that the Massachusetts Division of Banks has received certificates of accreditation, certifying that the Division maintains the highest standards and practices in state banking, credit union, and mortgage supervision, as set forth by the NASCUS Accreditation Program, the CSBS Bank Accreditation Program, and the AARMR/CSBS Mortgage Accreditation Program.

 

 

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