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Article: Credit Union Trade Groups Ask Role in Case.(National Association of Federal Credit Unions, Credit Union National Association)(Brief Article)
- Article from:
- American Banker
- Article date:
- December 9, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The National Association of Federal Credit Unions and the Credit Union National Association asked the federal district court here Friday to include them as defendants in a case brought by the banking industry.
The suit was filed in October by the American Bankers Association and the California Bankers Association, which want the court to bar the federal government from letting occupation-based Point Mugu Federal Credit Union near Los Angeles convert to a community-based charter that serves Ventura County. Such a charter would be too broad, the bank groups have argued.
The credit union groups, saying the case's resolution could have broad implications, asked to ...