Connecticut CU TIPs New Ground OnFOM

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HARTFORD, Ct. - (07/08/05) -- State regulators said Thursday theyhave approved an application from Hartford Healthcare CU for thestate’s first TIP charter, covering the entire healthcareindustry in three local counties. The Department of Banking said ithas approved a request from the $25 million credit union to serveall healthcare employees, volunteers, independent contractors orself-employed people, as well as retirees and their family andhousehold members or affiliated organizations in the Hartford,Middlesex and New Haven counties. Beside NCUA, which created theTIP charter in 2003, only two other states, Minnesota andMassachusetts, have approved TIP charters.

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