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Mass Bay CU seeks regulatory approval for membership expansion

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Mass Bay CU seeks regulatory approval for membership expansion

South Boston, Mass.-based Mass Bay CU is seeking the approval of the Massachusetts Division of Banks to expand the associations that qualify people for its membership.

The approval would allow the credit union to amend its bylaws to add membership of individuals living, working, attending a school, college or university, or belonging to a labor organization within all cities and towns of Essex, Middlesex and Plymouth counties in Massachusetts.

In addition, the approval will allow employees or former employees of the Massachusetts State Police and immediate family members to become members of the credit union.