Logo for the Mapping Project

The Mapping Project

Massachusetts Share Insurance Corporation (MSIC)

According to its website, "Massachusetts Credit Union Share Insurance Corporation (MSIC) was chartered by a special Act of the Massachusetts Legislature in 1961. Formed as a primary insurer, MSIC was the first insurance company in the nation to provide deposit insurance protection to the members of the credit union. It is operated by a Board of Directors elected by and from the member credit unions it insures, which are, in effect, the owners of MSIC."

MSIC works with RTN Federal Credit Union, a bank that was formed in partnership with Raytheon and that still serves many Raytheon employees. MSIC insures some of RTN's loans, thus helping to make Raytheon a more "attractive" employer for workers. 

233 Needham Street, Suite 510, Newton, MA 02464

Back to main page.