Mike Hanson

Michael C. Hanson is the President and Chief Executive Officer of the Massachusetts Credit Union Share Insurance Corporation (MSIC).  He previously served as the corporation’s General Counsel for twelve years.  MSIC insures excess shares and deposits held by credit unions operating in Massachusetts.  Founded by a special act of the Massachusetts Legislature in 1961, MSIC today insures over $780 million in shares and deposits for Massachusetts consumers at 85 member credit unions. MSIC insured member credit unions hold over $18 billion in total assets and serve over 1.5 million consumers.

 

Mr. Hanson is also the Principal of Hanson Associates, a firm which provides legal and consulting services to the financial services industry.  He has extensive experience in regulatory, corporate, securities and loan workout matters, and has advised banking, credit union and mortgage company clients with respect to the full range of regulatory compliance and corporate matters.  He has practiced extensively before the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the National Credit Union Administration, along with other state and federal regulatory agencies. 

 

Mr. Hanson was previously a full partner in a major Boston law firm before founding Hanson Associates in 1996.  From 1991 to 1992 he served as Massachusetts Commissioner of Banks, during the height of the New England Banking crisis.  As Commissioner, Mr. Hanson worked closely with Massachusetts Governor Bill Weld, Lt. Governor Paul Cellucci and the New England Congressional Delegation, and is credited with developing regulatory and public relations strategies which greatly assisted Massachusetts and New England in successfully navigating the crisis.

 

While Commissioner, Mr. Hanson served as one of three members of the Masters Trust, along with the Massachusetts Treasurer. The Masters Trust had the responsibility of managing and supervising Massachusetts’ public pension system.  He also served, by law, as the Chairman of the Massachusetts Board of Bank Incorporation.

 

From 1992 to 1999, Mr. Hanson was a member of the Massachusetts Governor’s Council on Economic Growth and Technology, and its Taxation and Capital Formation Committee.  The Council was composed of a select group of leading Massachusetts businessmen and academics who advised the Governors on improving the New England economy.  During this time, the Council was led by former venture capitalist and Massachusetts Secretary of Economic Affairs Dan Gregory, and then by Harvard Business School Professor Michael Porter.  The Taxation and Capital Formation Committee was a small group of twelve specialists, including Gregory and Professors Martin and Katherine Feldstein.

 

In 2006, Mr. Hanson was appointed by former Massachusetts Governor Mitt Romney to serve as a member of the Massachusetts Public Health Council.  The eight-member Public Health Council and the Commissioner of Public Health constituted the Department of Public Health under Massachusetts law.  During this period, the Public Health Council addressed a number of major concerns, including issues relating to universal health insurance coverage and pandemic preparation.

 

While a student at Dartmouth College, Mr. Hanson was elected to the New Hampshire House of Representatives from his home town of Laconia, New Hampshire.  He served for three terms as a member of the House and held various leadership positions, including Assistant Majority Leader, Chairman of the Joint Legislative Fiscal Committee and Chairman of the House Appropriations Committee.  In the latter two positions, he served as the chief architect of the New Hampshire biennial budget during 1980 and 1981.  Then at age 26, he remains the youngest Chairman of the House Appropriations Committee (or its equivalent body) in New Hampshire history. 

 

Mr. Hanson is a member of the Boston Economic Club and the Boston Committee on Foreign Relations.  He previously served as a Director of a de novo bank in Springfield, Massachusetts, and a member of the Board of Directors of the American Red Cross of Central Massachusetts.

 

He is a frequent lecturer on economic, banking and credit union matters, and regularly facilitates strategic planning sessions for community financial institutions.  In September 2010, he chaired a panel on the Dodd-Frank Wall Street Reform and Consumer Protection Act for Massachusetts Continuing Legal Education, Inc. (MCLE).  In January 2011 he was a keynote speaker at the Credit Union Volunteer Leadership Institute sponsored by The Paragon Group, Inc., in Kauai, Hawaii.   In October 2011 he testified before the U.S. House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit, regarding H.R. 1418: The Small Business Lending Enhancement Act of 2011. 

 

Mr. Hanson is a graduate of Dartmouth College and Harvard Law School. He also holds a Postgraduate Diploma in Organizational Leadership from the Saïd Business School at Oxford University.



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