WASHINGTON — Even though a judge ruled that the NCUA's decision-making process in a key field of membership case was flawed, the three Harrisburg, Pa.-area credit unions could be allowed to keep their new members.
That would be the result if the judge approves a remedy that the NCUA agreed to last week with the American Bankers Association, which sued the agency over the decision.
Members 1st Federal Credit Union, AmeriChoice Federal Credit Union and New Cumberland Federal Credit Union would not be allowed to recruit additional members in their expanded fields of membership while the case is still being decided. But they could enroll spouses and other family members of those made eligible by the NCUA's disputed decision. The agency's decision involved an application by Members 1st for a community charter, and the two other credit unions subsequently were granted the same FOM.
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