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Credit unions -- United States -- Membership

View Resource Credit Unions vs. Banks

This week's In the News looks at the debate between the banks and credit unions over the issues of membership. The nine resources discussed provide background information about the debate and the arguments from both sides of the issue. On February 25, 1998, the Supreme Court ruled that the National Credit Union Administration's policy of permitting federal credit unions to serve multiple unrelated...
View Resource National Credit Union Administration v. First National Bank & Trust Co.

Full text of this 1998 Supreme Court decision is available at the Legal Information Institute at Cornell University. The decision is significant in that it restricts the membership base of credit unions. The syllabus, opionion, and dissenting opinion are available in HTML (with references linked to pertinent cases) and Adobe Acrobat (.pdf) versions at the site.