Credit unions will seek delays on two court cases brought by the banking industry in order to give Congress more time to ease membership rules for the nonprofit financial institutions.

A federal appeals court here has set a May 26 deadline for motions on whether it should lift a stay that has let occupation-based credit unions continue adding members from companies outside their common bond that they already serve.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.