Washington State's three banking associations have joined forces to convince the state Legislature to crack down on credit union expansion.

Credit unions nationwide have begun to convert to charters based on geography ra-ther than employment. The reason: A July 1996 court ruling barred occupation-based credit unions from accepting new members from any company that it did not already serve.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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