Banks Don’t Ask For Member Expulsion in FOM Suit Response

HARRISBURG, Penn. – Bankers in Pennsylvania have filed a response in Federal District Court to a ruling on field of membership involving three credit unions in the state.

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The bankers asked that the three credit unions, AmeriChoice FCU, Members 1st FCU and New Cumberland FCU, be returned to the FOMs they had prior to being approved for a six-county community charter by NCUA. The bankers have not asked that members who joined as a result of the expanded FOM be divested.

NCUA and the three credit unions have until Sept. 4 to respond.


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