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POSTAL COMMUNITY CREDIT UNION v. COMMISSIONER OF BANKS

No. 03-P-1063.

61 Mass. App. Ct. 563 (2004)

POSTAL COMMUNITY CREDIT UNION v. COMMISSIONER OF BANKS.

Appeals Court of Massachusetts, Suffolk.

July 27, 2004.

Attorney(s) appearing for the Case

Mark S. Furman (John D. Stuebing with him) for the plaintiff.

Thomas A. Barnico, Assistant Attorney General, for the defendant.

Present: GRASSO, COWIN, & DOERFER, JJ.

COWIN, J.

The plaintiff, Postal Community Credit Union, a federally insured credit union chartered pursuant to G. L. c. 171, sought to convert its charter from that of a State-authorized credit union to that of a federally chartered mutual savings bank. The defendant, the Commissioner of Banks (commissioner), ordered the plaintiff to desist taking any further action to bring about the conversion.

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