Definitions

The following definitions apply to 209 CMR 58.00: Commissioner means the commissioner of banks, including the Division of Banks. Commonwealth means the Commonwealth of Massachusetts. Credit Union or Massachusetts-chartered Credit Union means a credit union organized pursuant to M.G.L. c. 171 and subject to examination and supervision by the Commissioner under M.G.L. c. 167. NCUA means the National Credit Union Administration. Foreign Credit Union means a credit union with its principal place of business in the states of Connecticut, Maine, New Hampshire, New York, Rhode Island or Vermont that is organized under the laws of the respective state. Out-of-state Federal Credit Union means a credit union with its principal place of business in the states of Connecticut, Maine, New Hampshire, New York, Rhode Island or Vermont that is organized under the provisions of the Federal Credit Union Act.