The Division of Banks will hold a hearing next month on a proposal concerning credit union branching.
The hearing is scheduled for 10:30 a.m. on June 17 at 1000 Washington St. in Boston.
The regulation in question – Chapter 466 of the Acts of 2014, An Act Relative to Credit Union Branching – would authorize Massachusetts-chartered credit unions to establish branches up to 100 miles from their main office, and in Connecticut, Main, New Hampshire, New York, Rhode Island or Vermont, subject to conditions established by the commissioner.
The rule would also authorize out-of-state state-chartered credit unions, with a principal place of business in New England or New York, to establish a branch office in Massachusetts, also subject to the commissioner’s conditions.
The comment period runs through the end of day on June 17.



