Section 8B: Educational credit union, student savings deposit and school branch office programs
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/ma/part-i/title-xxii/chapter-171/8b·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8B. A credit union, federal credit union or out-of-state federal credit union with a branch office in the commonwealth may establish educational credit union training programs, student savings deposit programs and school branch office programs. A credit union, federal credit union or out-of-state federal credit union with a branch office in the commonwealth shall conduct such a program under the terms and conditions as the commissioner may establish. A federal credit union or out-of-state federal credit union with a branch office in the commonwealth shall conduct such a program in compliance with applicable federal laws and regulations.