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H 3933

An Act relative to the Massachusetts Credit Union Share Insurance Corporation

194th Legislature (2025-2026) Introduced by Dan Cahill and 2 co-sponsors

Massachusetts bill modifying credit union share insurance protections and corporation operations; currently in House Ways and Means Committee review.

Bill reported favorably by committee and referred to the committee on House Ways and Means
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Bill Summary · H 3933

Legislative bill overview

H 3933 proposes modifications to the Massachusetts Credit Union Share Insurance Corporation (MCUSIC), which insures member deposits at state-chartered credit unions. The bill's specific provisions are not detailed in the available action records, but the legislative process indicates it has progressed through committee review and is under consideration by the House Ways and Means Committee.

Why is this important

Credit union deposit insurance protects consumer savings and maintains public confidence in the state's credit union system. Changes to the insurance framework could affect how member deposits are protected, insurance fund management, or operational requirements for credit unions serving Massachusetts residents.

Potential points of contention

  • Funding mechanism changes – Modifications to how MCUSIC is funded (through member assessments or premium structures) could increase costs for credit unions and potentially members
  • Coverage scope or limits – Alterations to what deposits are covered or coverage amount thresholds could leave some members with less protection
  • Regulatory oversight – Changes to MCUSIC's governance, capital requirements, or regulatory authority could shift risk management responsibilities between state oversight and individual institutions

Compiled from official sources — confirm details with the bill’s official record.

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