MA Division of Banks Finalizes Amendments to 209 CMR 50.00

MA Div Banks News

Published December 19th, 2025

Detected March 18th, 2026

Summary

The Massachusetts Division of Banks has finalized amendments to 209 CMR 50.00, concerning parity with federal credit unions. These amendments will become effective on December 19, 2025. The changes aim to align state regulations with federal credit union regulations.

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What changed

The Massachusetts Division of Banks has issued final amendments to 209 CMR 50.00, which governs parity with federal credit unions. These amendments, effective December 19, 2025, are intended to harmonize state regulations with their federal counterparts, ensuring that state-chartered entities can operate under similar conditions as federal credit unions. The filing includes redlined versions of the amendments and a clean copy for review.

Financial institutions operating under Massachusetts state charter that are subject to 209 CMR 50.00 should review the finalized amendments to understand any new requirements or changes to existing provisions. Compliance with these updated regulations will be mandatory by the effective date of December 19, 2025. While no specific penalties are detailed in this announcement, failure to comply with state banking regulations can result in supervisory actions.

What to do next

Review the finalized amendments to 209 CMR 50.00 for changes impacting operations.
Ensure compliance with the updated regulations by December 19, 2025.

Source document (simplified)

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- Division of Banks

News

209 CMR 50.00: Parity with Federal Credit Unions – Final Amendments

Effective December 19, 2025.

12/11/2025
- Division of Banks
- Office of Consumer Affairs and Business Regulation

209 CMR 50.00: Parity with Federal Credit Unions – Redlined Amendments

209 CMR 50.00: Parity with Federal Credit Unions – Clean Copy Amendments

Filing with the Senate Clerk and House Clerk

Division of Banks

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.

Office of Consumer Affairs and Business Regulation

The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.