Date: | 11/01/1997 |
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Organization: | Division of Banks |
Docket Number: | 97-215 |
This opinion was issued in the fourth quarter of 1997.
Date: | 11/01/1997 |
---|---|
Organization: | Division of Banks |
Docket Number: | 97-215 |
This opinion was issued in the fourth quarter of 1997.
A state-chartered credit union may offer loans or extend credit to their members subject to Mass. Gen. Laws chapter 171 and the credit union's by-laws. Under Massachusetts Gen. Laws 171, § 59A, a state-chartered credit union may issue and honor credit cards to its members subject to the limitations set forth in the statute.