On August 20, 2019 the United States Court of Appeals for the District of Columbia Circuit handed down a decision finding in favor of the National Credit Union Administration in the case of American Bankers Association (ABA) v. National Credit Union Administration (NCUA).\u00a0 The case involved the NCUA\u2019s December 2016 field of membership rule for community-chartered credit unions which expanded who credit unions could serve.\u00a0 The rule made two changes to the NCUA\u2019s definition of the term \u201clocal community\u201d and one to what constitutes a \u201crural district\u201d.\u00a0 The lower court held that the NCUA\u2019s qualification of certain Combined Statistical Areas as local communities was unreasonable as well as rejecting the increased population cap for rural districts.\u00a0 The lower court upheld the NCUA\u2019s elimination of the requirement that a credit union include the core of a Core Based Statistical Area. \u00a0The Circuit Court reversed the lower courts decision in rejecting both the CSA qualification and the rural district cap but remanded without vacating the elimination of the urban-core requirement allowing the NCUA to provide sufficient justification for the elimination of the core.\u00a0 The Circuit\u2019s Courts decision is a significant victory for credit unions and those persons they seek to serve.\u00a0 The ABA has some legal tools they can still employ including asking for a hearing before the full Circuit Court and\/or asking the U.S. Supreme Court to hear their case.<\/p>\n ","protected":false},"excerpt":{"rendered":"
On August 20, 2019 the United States Court of Appeals for the District of Columbia Circuit handed down a decision finding in favor of the National Credit Union Administration in the case of American Bankers Association (ABA) v. National Credit Union Administration (NCUA).\u00a0<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/2692"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2692"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/2692\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}