Massachusetts H5625 amends the Massachusetts Credit Union Share Insurance Corporation's investment and financial assistance powers.
Massachusetts H5625 amends the Massachusetts Credit Union Share Insurance Corporation's investment and financial assistance powers. The bill allows the corporation to invest up to 15% of its assets in various securities, subject to commissioner approval. It also authorizes the corporation to provide financial assistance to member credit unions through loans, deposits, asset purchases, and other methods, again subject to commissioner approval.
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