By the Division of Banks

Ability Of MA Credit Union To Advertise In A RI Newspaper

A credit union with by-laws that allow membership for people that work in Massachusetts may have members who reside outside of Massachusetts. No violation of Mass. Gen. Laws ch. 171 exists when such a credit union advertises in the newspaper where its members reside, even if this is out-of-state and in an area with no physical presence by the credit union. The credit union may make the determination about which media outlet best serves a particular market.