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.

A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive.

Bankers would be better off cleaning their own houses and focusing on deregulation efforts, instead of going after credit unions, suggests NAFCU's Carrie Hunt.

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.

Bankers hope to claw back even more of the agency's rule rather than merely defend their partial victory in the judge's original split decision.

There are plenty to choose from, including ADA lawsuits, taxation, field of membership and more.

Recently filed court documents give the clearest sign yet that the National Credit Union Administration is considering appealing a controversial court decision on the regulator's revised field-of-membership rule.

A federal judge struck down two portions of the National Credit Union Administration's field-of-membership rule, but sources within the industry are divided on whether or not an appeal is the best course of action.

National Credit Union Administration board member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions.

Christian credit unions are unique institutions often supported by a faith community, but they face many challenges similar to those of secular CUs.