Field of membership

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.