NCUA said last week it has approved Pittsburgh-based A-K Valley FCU to serve the entire city of Pittsburgh as an underserved area, the latest large U.S. city to attain the underserved designation under NCUA's low-income field of membership expansions.
NCUA also said it has approved applications from Portland FCU to serve the entire city of Lansing, Mich., and from DPL FCU to serve all of Wilmington, Del., both as underserved FOMs.
NCUA generally qualifies a community as underserved if at least 20% of the population is below the poverty level or the median family income is below 80% of the national median.
So Pittsburgh and its 350,000 residents have joined the ranks of Philadelphia, Washington, Baltimore, Richmond, Va., St. Paul and Minneapolis, and Tucson, Ariz., as entire cities that have been qualified as underserved communities under NCUA's policy.
The policy is currently being challenged in federal court by the American Bankers Association and four Utah banks.