and Protection of Credit Unions

A credit union which complies with the provisions of 12 CFR Part 748 (Security Program, Report of Suspected Crimes, Suspicious Transactions, Catastrophic Acts and Bank Secrecy Act Compliance) or other applicable regulations of the NCUA, which regulations govern substantially the same subject matter as is governed by 209 CMR 43.09, shall be deemed to be in compliance with M.G.L. c. 167, § 1A and 209 CMR 43.09.