MSIC’s Center for Credit Union Governance:

MSIC’s Center for Credit Union Governance is a division of The Massachusetts Credit Union Share Insurance Corporation (MSIC) and works to provide governance and strategic solutions for the credit union movement. The Center does this through executive training, financial reporting, strategic planning and counseling services.

MSIC was established by a special Act of the Massachusetts Legislature in 1961. A member-owned, not-for-profit organization, MSIC’s mission is to promote and strengthen the credit union movement by providing excess share and deposit insurance and associated services for credit unions and their members while preserving the integrity of the insurance fund.

MSIC’s Center for Credit Union Governance delivers the tools necessary to successfully operate a credit union into today’s environment.

Executive Training and Strategic Planning

MSIC’s Center for Credit Union Governance offers services to assists credit union leaders grow their institutions. These services include executive leadership and development as well as regulatory and compliance guidance.

Financial Reporting

MSIC’s Center for Credit Union Governance produces the Custom Performance Report (CPR), which is utilized by more than 700 credit unions nationwide. The CPR allows credit unions to compare their financial results with up to three fully customizable peer groups in order to help them evaluate their institution’s performance.

MSIC’s History

The Massachusetts Credit Union Share Insurance Corporation (MSIC) was created to provide share and deposit insurance years before the National Credit Union Administration (NCUA) would create a National Credit Union Share Insurance Fund (NCUSIF). In 1991 MSIC converted from a primary insurer to exclusively insure excess shares and deposits. MSIC continues its mission today with 92 fully insured credit union members in the Commonwealth of Massachusetts.