WASHINGTON - Scoring a rare win over credit unions, the banking industry persuaded a judge here to reject liberal readings of the law requiring an institution's members to share a common bond.

In a May 31 decision, U.S. District Court Judge John H. Pratt said the National Credit Union Administration overstepped its authority when it allowed Communicators Federal Credit Union to expand its membership to anyone over 50 years old living or working within 25 miles of Houston.

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