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Article: Its FOM Restricted, Members 1st FCU Has Message For Bankers.
- Article from:
- Banking Wire
- Article date:
- November 6, 2008
- Author:
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MECHANICSBURG, Penn. -- The bankers may have convinced a federal judge to scrap the broad community charter for Members 1st FCU, but that won't slow down the rapid growth of the $1.4-billion credit union.
"If the bankers thought they confined us, they didn't," Members 1st's President Bob Marquette told CU Journal following the court ruling, noting plans to cultivate some 800 groups his credit union has been developing partnerships with and turning them into select employee groups.
The U.S. District Court for the Middle District of Pennsylvania issued its final ruling ordering Members 1st and two other regional credit unions, AmeriChoice FCU and New ...