BOSTON – State chartered credit unions would be allowed to establish branches in one of the other five New England states for the first time under a bill introduced in the House.
The bill would allow state charters in the other states–New Hampshire, Maine, Vermont, Connecticut and Rhode Island–to establish branches in the Bay State, a privilege long afforded federal charters. The measure also would amend state law to allow student-run, in-school branches and to allow state charters to operate mobile branches.
A hearing on the bill was held last month but no action has been taken on it.
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