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St. Helens Ruling Called Worthy of NCUA Involvement

Oregon case thrown out but industry attorney says NCUA should take notice of judicial treatment of Federal Credit Union Act.

By Heather Anderson | Updated on May 29, 2013

The NCUA is standing firm in its position that it doesn’t want to get involved in a lawsuit brought by a member against an Oregon credit union, but according to a prominent industry attorney, last week’s ruling could have repercussions for the federal regulator.

U.S. District Judge Marco A. Hernandez in Portland, Ore., dismissed plaintiff Steven Knebel’s claims against the $170 million St. Helens Community FCU of St. Helens, Ore., on May 20. Knebel sued the credit union after it allegedly violated bylaws by counting mailed ballots during a special meeting to recall directors. According to federal credit union bylaws, only votes placed in person at the meeting may be counted.

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