Field of membership

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.

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 the decision.

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

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.

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.