Mass. General Laws c.171, § 76

National Credit Union Administration Central Liquidity Facility; membership

This is an unofficial version of a Massachusetts General Law. For more information on this topic, please see Law about credit and banking.

Updates

Amended by St.2020, c.338, § 71, effective April 12, 2021

Section 76

A credit union may, with the approval of the commissioner, become a regular member of the National Credit Union Administration Central Liquidity Facility, established by 12 USC 1795b and may invest in the shares of the National Credit Union Administration Central Liquidity Facility; provided, however, that such investment shall not exceed the amount necessary to become a member of such facility.

A credit union may become a member of any corporate credit union which has been approved to act as an agent of the National Credit Union Administration Central Liquidity Facility.

Last updated:	January 12, 2021