Mass. Supplemental Budget Awaits Healey’s Signature

  • March 24 2023

The Massachusetts Legislature sent H.58 a supplemental budget to Gov. Maura Healey yesterday. The budget contains two key provisions positively impacting credit unions: virtual notarization and virtual board opportunities for state-chartered credit unions. With the governor's signature, these pandemic-era executive orders will become law without expiration. 

The Remote Online Notarization allows credit union members increased access to services, safely and securely, and virtually by employing a modern form of notarization that allows anyone to appear before a commissioned notary via audio/video technology. 

Additionally, a new provision will allow virtual meetings for organizations, including credit unions, providing a more significant opportunity for board members to attend, participate, and engage in these meetings. 

Earlier this year, CCUA joined a coalition, including the Massachusetts Bankers Association, the Real Estate Bar Association for Massachusetts, and the Massachusetts Mortgage Bankers Association, in advocating with the Massachusetts Senate and House of Representatives to pass provisions for these successful pandemic-era orders. CCUA is proud of our efforts alongside this coalition to ensure credit unions continue to have every tool available for operational and service success.