Field of membership

As credit union leaders converge on Washington, here's a look at some of the biggest legislative and regulatory issues facing the industry – and what it might take to move the needle.

Despite state charters' best gains in four years, their ranks continue to shrink at a pace nearly equal to that of federal charters.

With legal questions still lingering, the regulator said it will begin accepting applications from credit unions looking to take advantage of its revised field of membership rule but did not specify when it would take action on those submissions.

The Poughkeepsie, N.Y.-based institution will be able to serve a dozen counties after the change takes effect on Oct. 1.

United Churches Credit Union, which has just one branch, can now serve anyone who worships in two counties.

Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate.

Nearly three years after NCUA passed the rule, credit unions are ready to broaden their reach, but the possibility of an appeal to the Supreme Court may put those efforts on hold.

The Unity, Maine-based institution, which should open in the fall, will provide member business loans and other products to local farmers.

A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.

A panel of federal appeals court judges reversed a district court’s decision on NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.