Portions of Vast Community Charter Did Not Meet the Standard of Being Local in 2004 "Credit News 24"

The National Credit Union Administration (NCUA) in August approved a community charter for Utah Community FCU (Provo, UT) comprised of a Com...

Horizon FCU Gets Rural District FOM Expansion "Credit News 24"

The National Credit Union Administration recently approved an expansion in the field of membership (FOM) of Horizon Federal Credit Union (Wi...

NCUA Replies to ABA's FOM Lawsuit "Credit News 24"

The National Credit Union Administration (NCUA) filed a reply brief on August 9 to an American Banker Association (ABA) lawsuit challenging ...

BankThink: Common Bond Is Heading in the Direction of Being Meaningless "Credit News 24"

In a BankThink opinion piece appearing in the July 10 American Banker, Aaron Klein, a fellow at the Brookings Institution and policy directo...

Black Hills FCU's Gerrymandered Rural District Charter "Credit News 24"

Black Hills Federal Credit Union (Rapid City, SD) is using the rural district loophole to connect South Dakota's two largest distinct me...

FCUs Taking Advantage of New Rural District FOM "Credit News 24"

Federal credit unions are taking advantage of the new, higher population threshold for a rural district. The National Credit Union Administr...

NCUA Calls on Congress to Give It Regulatory Flexibility "Credit News 24"

In testimony before the Senate Committee on Banking, Housing, and Urban Affairs on June 22, National Credit Union Administration (NCUA) Acti...

Company Chartering a Credit Union to Finance Loans to Its Customers Raises Policy Concerns "Credit News 24"

A clean energy company is looking to charter a new credit union to fund clean energy loans for its customers. According to BizWest, Namasté...

ABA Files Motion for Summary Judgment in FOM Lawsuit "Credit News 24"

The American Bankers Association on Friday, May 26 filed a motion for summary judgment in its case challenging the National Credit Union Adm...

Be Careful What You Wish For "Credit News 24"

The banking industry, as well as this blogger, has commented that the National Credit Union Administration (NCUA) should allow public commen...

Emergency Mergers and Hybrid Common Bonds "Credit News 24"

The Federal Credit Union Act recognizes three types of federal credit union charters — single common bond, multiple common bond, and communi...

Association Provides Backdoor to Navy FCU Membership "Credit News 24"

DepositAccounts.com is reporting that anyone can become a member of Navy Federal Credit Union (Vienna, VA), the country's largest credi...

NCUA Thumbs Its Nose at Federal Courts "Credit News 24"

The National Credit Union Administration (NCUA) in its final field of membership (FOM) rule has thumbed its nose at the federal courts. On t...

ABA Sues NCUA over Its Final FOM Rule "Credit News 24"

The American Bankers Association (ABA) on December 7 filed a lawsuit against the National Credit Union Administration (NCUA) seeking to over...

Is the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA Combined Statistical Area A Well-Defined Local Community? "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to quadruple the population threshold of a presumptive community charter ...

NCUA Should Not Rubber Stamp Narrative Model for Community Charter "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to resurrect the narrative model to demonstrate that a community that a f...