Field of membership

The two institutions scuttled their original plans to merge earlier this year after a court invalidated some parts of the NCUA's field of membership rules for federally chartered institutions.

Hoosier Hills Credit Union now serves 35 counties and has roughly 29,000 members.

National Credit Union Administration Chairman Mark McWatters called on lawmakers to further expand field-of-membership options for CUs and to permit the regulator to oversee third-party vendors, including fintech partners.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

Twenty years after the Credit Union Membership Access Act was signed into law, figures from across the industry look back at that landmark legislation, how it changed the movement and whether or not something similar could ever happen again.

The passage of the Credit Union Membership Access Act was landmark legislation for the movement, and its impact is still being felt 20 years after it was signed into law.

Credit unions remain committed to their central missions as they grow, says PenFed’s chairman.

A credit union targeted in a recent opinion piece is striking back against inaccurate claims.

As large credit unions look to expand under the NCUA’s new field of membership rule, they should be required to comply with additional bank rules.

As large credit unions look to expand under the NCUA’s new field of membership rule, they should be required to comply with additional bank rules.