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Opinion Summary of Selected Opinion 97-211

Date: 01/01/1997
Organization: Division of Banks
Docket Number: 97-211

This opinion was issued in 1997.

Table of Contents

Ability of a Massachusetts credit union to advertised in a Rhode Island 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 Massachusetts 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.

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