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The 189th General Court of the Commonwealth of Massachusetts

Section 76: National Credit Union Administration Central Liquidity Facility; membership

Section 76. A credit union may, with the approval of the commissioner, become a regular member of the National Credit Union Administration Central Liquidity Facility, established by 12 USC 1795b and may invest in the shares of the National Credit Union Administration Central Liquidity Facility; provided, however, that such investment shall not exceed the amount necessary to become a member of such facility.

A credit union may, with the approval of the commissioner become a member of any corporate credit union which has been approved to act as an agent of the National Credit Union Administration Central Liquidity Facility.