NCUA Appeals Ruling Vacating Parts of Field-of-Membership Rule

May 24, 2018
The National Credit Union Administration appealed a court decision vacating two provisions of its field-of-membership rule.

The March ruling in an ICBA-supported lawsuit limits the agency’s October 2016 final rule, which significantly expands the service areas in which community credit unions can do business.

The court ruled that provisions on combined statistical areas and population limits for rural districts exceeded the agency’s authority.