United Employees Credit Union v. Massachusetts Credit Union Share Insurance

United Employees Credit Union (United) seeks a declaration that it is entitled to return of the assessments paid to Massachusetts Credit Union Share Insurance Corporation (MCUSIC) pursuant to § 7 of the MCUSIC statute, St. 1961, c. 294, as amended.1 The case was heard on a stipulation of facts and accompanying exhibits, and a judgment was entered declaring that United is not entitled to the return of any of the assessments claimed. United appealed, we allowed its application for direct appellate review, and we now affirm.

We summarize the stipulated facts. United is a credit union organized…