TIPs Charters Come ToConnecticut

Register now

HARTFORD, Ct. - (02/21/05) -- Connecticut is the latest state tointroduce the TIPs charter to state chartered credit unions,allowing credit unions to serve entire trades, professions orindustries. Hartford Healthcare CU has applied to the ConnecticutDepartment of Banking to convert form a multiple group-basedcharter to a TIPs serving everyone affiliated with the healthcareindustry in the state's largest counties of Fairfield, Hartford,Middlesex, New Haven and New London. State chartered credit unionsin at least two other states, Minnesota and Massachusetts havealready been granted a TIPs charter, created by NCUA for federalcharters.

For reprint and licensing requests for this article, click here.