Home
Forms Library
STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass

STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass 2025

STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass Preview on Page 1

See details

4 out of 5

59 votes

The document outlines the process for federally-chartered credit unions in Massachusetts to amend their Plan of Operation for Insurance Sales Activities, following a waiver that exempts them from certain state law prohibitions and restrictions. It specifies the need for completion and submission of a form to the Division of Insurance, along with compliance with specific regulations.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your paperwork requires only a few simple clicks. Follow these quick steps to change the PDF STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass online for free:

Sign up and log in to your account. Log in to the editor with your credentials or click on Create free account to examine the tool’s features.
Add the STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass for redacting. Click the New Document button above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Alter your document. Make any adjustments needed: add text and photos to your STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass, underline details that matter, remove parts of content and substitute them with new ones, and insert symbols, checkmarks, and fields for filling out.
Complete redacting the template. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is super easy to use and efficient. Try it now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a charter for a credit union?

Credit unions need a charter a license to operate from either the National Credit Union Administration or a state credit union regulator. The federal government and state governments have different chartering rules and requirements. Credit unions are cooperatives, meaning they are member-owned and operated.

Who regulates credit unions in Massachusetts?

The Division of Banks (DOB) regulates Massachusetts state-chartered banks and credit unions. Although a financial institution may be physically located in Massachusetts, it may not be regulated by the DOB. This would mean the bank or credit union is regulated on the federal level or by another state.

What laws govern credit unions?

The Federal Credit Union Act is the source of authority for all federally chartered credit unions and governs the coverage and terms of insured accounts at all federally insured credit unions.

Are state chartered credit unions regulated by the NCUA?

Credit unions are not-for-profit enterprises that enjoy tax-exempt status. A federal credit union (FCU) is regulated and supervised by the National Credit Union Association (NCUA). State credit unions instead adhere to state-specific regulations and guidelines, but not all states have such laws in place.

What is a state chartered credit union?

The term State-chartered credit union includes a credit union chartered under the laws of a State of the United States, the District of Columbia, or any commonwealth, territory, or possession of the United States.

Who regulates credit institutions?

The Prudential Regulation Authority regulates around 1,500 banks, building societies, credit unions, insurers and major investment firms. You can see lists of these firms here.

Does the FDIC regulate credit unions?

No, the Federal Deposit Insurance Corporation (FDIC) only insures deposits in banks. Credit unions have their own insurance fund, run by the National Credit Union Administration (NCUA). The National Credit Union Administration is a US government agency that regulates and supervises credit unions.

Are credit unions controlled by the federal government?

Credit unions are owned and controlled by their members.

STATE-CHARTERED CREDIT UNIONS SHOULD COMPLETE THIS FORM, - mass 2025

Here's how it works