Search
 

Missouri CU Association Publishes Comments on Proposed Amendments to FOM Rule

The Missouri Credit Union Association has released its comments on the proposed amendment to the field of membership rule developed in response to a March 24th ruling by the Cole County Circuit Court that struck down the Missouri FOM regulation in its entirety.

By Staff Writer | Updated on August 15, 2006

ST. LOUIS — The Missouri Credit Union Association has released its comments on the proposed amendment to the field of membership rule developed in response to a March 24th ruling by the Cole County Circuit Court that struck down the Missouri FOM regulation in its entirety.

In her Aug. 4th comment letter on the proposed rule to Sandra Branson, director, Missouri Division of Credit Unions, Holub asked the division “to be cautious in finalizing this proposed amended rule and carefully test the language of each section to mitigate risk of further litigation. Over the past five years of litigation, we have experienced the result of ambiguous legislative language.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.