NH CU Regulatory Review
Several months ago, at the direction of the New Hampshire Banking Department (“Banking Department”), a working group within the New Hampshire financial services community was formed to engage in a comprehensive review of the state statutes relative to banking and related authorities. As part of the League’s continuing advocacy efforts, the League eagerly participated in the process, together with banks and others. A priority of the League is to ensure that the provisions governing New Hampshire state chartered credit unions promote clarity, are streamlined, current, and organized in a manner to maximize ease of use.
Employees and officials of member credit unions who have created a user name and password and are logged in will be able to access two documents relevant to this recodification effort. The firts is a current version of the proposed changes to the state credit union act (RSA 394-B). The second is a "redlined" version which highlights each change.