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Judge Orders Remedy in FOM Case

WASHINGTON -- In a widely expected move, a federal judge yesterday entered a remedy allowing three Harrisburg, Pa.-area credit unions to keep their new members but not recruit additional ones in their expanded field of membership.

By Claude R. Marx | Updated on September 17, 2008

WASHINGTON — In a widely expected move, a federal judge yesterday entered a remedy allowing three Harrisburg, Pa.-area credit unions to keep their new members but not recruit additional ones in their expanded field of membership.

U.S. District Judge Yvette Kane agreed to the remedy, which had been agreed to the NCUA and the American Bankers Association as a result of her July decision in a lawsuit filed against the NCUA by the ABA. She also ordered the case to be closed and the originally community charters granted to be vacated.

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