News Topic: Field of membership

While NCUA lawyers fielded questions about the possibility of redlining, a three-judge appeals panel showed skepticism about other elements of the ABA's arguments against changes to credit union membership rules ... Read full article

Last-minute arguments from the American Bankers Association have put the National Credit Union Administration on the back foot in advance of an appeal hearing more than a year in the works. ... Read full article

The deal for Citizens State Bank is part of VyStar's plan to expand throughout Florida and Georgia. ... Read full article

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join. ... Read full article

An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide. ... Read full article

The regulator claimed Congress has already granted it the authority to define field-of-membership areas. ... Read full article

Credit unions remain committed to their central missions as they grow, says PenFed’s chairman. ... Read full article

As large credit unions look to expand under NCUA’s new field of membership rule, they should be required to comply with additional bank rules. ... Read full article

A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive. ... Read full article

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule. ... Read full article

Bankers hope to claw back even more of the agency's rule rather than merely defend their partial victory in the judge's original split decision. ... Read full article

National Credit Union Administration Board Member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal ... Read full article

If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions. ... Read full article

A federal judge struck down two provisions of the NCUA's field-of membership rule, while upholding two others. ... Read full article

The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful. ... Read full article

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities. ... Read full article

A recent op-ed got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field of membership rules. ... Read full article

The brief supporting field of membership expansion – in the face of a lawsuit by the American Bankers Association – is a sign of continued collaboration between CUNA and NAFCU. ... Read full article