News and Events
News
March 2022: ANNOUNCEMENT
MSIC Members Summit Scheduled for June 27-29.
MSIC is thrilled to announce the official rescheduling of the MSIC Member Summit: Collective Action, which was postponed since July of 2020. This highly anticipated conference will be MSIC’s first in-person event since the onset of the Pandemic in March 2020! The Summit will be held from Monday, June 27 – Wednesday, June 29, 2022 at the breathtaking Mount Washington Hotel in Bretton Woods, New Hampshire. The Summit is being designed in line with MSIC’s continuing investment in the future of our movement, incorporating system-wide collaboration and using the strength of the MSIC Cooperative. This event is only for MSIC member institutions.
January 27, 2022
MSIC Releases 2021 Annual Report
MSIC released its 2021 Annual Report, Financial Statements and Activities in Fiscal Year 2021.
January 2021
Massachusetts Governor Charlie Baker signed MSIC’s Emergency Powers Bill (House Bill 5230) and became Chapter 323 of the Acts of 2020.
March 17, 2020
Welcome Common Trust Federal Credit Union
This year MSIC welcomed its newest member credit union Common Trust Federal Credit Union joined MSIC as of March 17, 2020. MSIC warmly welcomes Common Trust to the MSIC Cooperative and looks forward to working with their organization in the years to come!
March 2020
MSIC Moves to Remote Work Operations
On March 13, 2020, shortly following Massachusetts Governor Charlie Baker’s declaration of a state of emergency due to the COVID-19 Pandemic and the rapid rise in coronavirus cases statewide, MSIC made the necessary preparations to shift to all-remote operations. MSIC did what so many other corporations and companies have done during this challenging and extraordinary time: continued to move forward.
January 2020
The MSIC Training and Conference Center: Open for Business
In January 2020, following the expansion of its office space and a new state of the art training facility at its main headquarters in Newton, Massachusetts, MSIC was ready to utilize the training center for and with its member credit unions. MSIC is delighted to offer its members a first-class setting for all of their meeting and training needs including educational activities, strategic trainings and board meetings.
January 2017
Massachusetts Governor Charlie Baker signed MSIC’s Liquidity Reserve Fund (LRF) Revision Bill, House 4193. This act paves the way for MSIC to roll out additional opportunities for member institutions to participate in the LRF depository, thereby obtaining increased yields on their excess liquidity.March 2016
MSIC secured committee approval of its two top legislative objectives in the Massachusetts Legislature: House 1879, An Act to Allow Municipalities to Invest in Credit Unions (also referred to as Municipal Deposit Powers) was favorably adopted by the Joint Committee on Municipalities and Regional Government; and House 794, making technical revisions to MSIC’s Liquidity Reserve Fund was approved by the Joint Committee on Financial Services.
August 2014
After a four-year effort, MSIC’s CUSO Bill (House Bill 4112) was signed by Massachusetts Governor Deval Patrick and became Chapter 253 of the Massachusetts Acts of 2014. This Act provides MSIC with CUSO investment powers and greatly enhances its overall investment authorities.