State Advocacy: Massachusetts

The CCUA acts as an advocate for the credit unions of Massachusetts, making certain that the needs of credit unions and their members are well known and clearly understood to the lawmakers who draft the laws which govern the operation of credit unions. 

That proactive position involves formulating and drafting legislation that allows credit unions to continue in their role as an effective and friendly financial resource for consumers. Defending credit unions from legislative assaults mounted by competitors seeking to use the Legislature in order to gain advantages in the marketplace is an equally important function.

Massachusetts General Court

The Massachusetts Advocacy Committee meets throughout the year to discuss legislative and regulatory priorities, attend events, and deliberate on policy matters. Membership, free and open to employees and volunteers of CCUA-affiliated credit unions, allows your credit union to have a voice to help shape the local and national credit union advocacy platform. 

Join the MA Advocacy Committee

Credit unions are subject to state and federal regulations that govern the full range of their operations. In addition to the two primary credit union regulatory bodies, credit unions must be well informed about the regulations promulgated by a wide variety of other governmental organizations. The CCUA goes far beyond reporting on new initiatives by taking a proactive role in assisting credit unions to work with regulators to build a regulatory environment that will benefit and protect credit unions and their members. Anticipating regulatory change, promoting dialogue between credit unions and regulators, interpreting existing regulation, and acting as an advocate for credit unions in regulatory forums are vital services delivered by the Association.

The Massachusetts Division of Banks provides access to proposed regulations on their website at: www.mass.gov/dob. Postings also contains copies of the Notices of Public Hearings on proposed regulations which indicate the deadlines for comment letters.