Massachusetts Division of Banks · MA
209 CMR 50.00: Parity with Federal Credit Unions – Final Amendments
December 11, 2025
Summary
The Massachusetts Division of Banks has finalized amendments to 209 CMR 50.00 to align state-chartered credit union powers with those granted to federal credit unions. These updates ensure that state-regulated institutions maintain parity in offering products and services, thereby preserving competitive standing in the Massachusetts financial market.
- Division of Banks
- Office of Consumer Affairs and Business Regulation
209 CMR 50.00: Parity with Federal Credit Unions – Redlined Amendments
209 CMR 50.00: Parity with Federal Credit Unions – Clean Copy Amendments
Filing with the Senate Clerk and House Clerk
Division of Banks
The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
Office of Consumer Affairs and Business Regulation
The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.
Source: https://www.mass.gov/news/209-cmr-5000-parity-with-federal-credit-unions-final-amendments
Common questions
- What does "209 CMR 50.00: Parity with Federal Credit Unions – Final Amendments" cover?
- The Massachusetts Division of Banks has finalized amendments to 209 CMR 50.00 to align state-chartered credit union powers with those granted to federal…
- Which agency issued this update?
- This update was issued by Massachusetts Division of Banks.
- When was it published?
- It was published on December 11, 2025.
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