Number: 98-162
Title: Credit Union Common Bond Ruling: NCUA v. First National Bank & Trust Co.--U.S.--(No. 96-843)
Authors: M. Maureen Murphy, American Law Division 
Abstract: On February 25, 1998, the Supreme Court ruled that federal credit unions may not consist of more than one occupational group having a single common bond. This ruling will be followed by an injunction defining how the ruling will limit federal credit union expansion. Meanwhile, Congress has before it several bills addressing the situation.
Pages: 2
Date: August 13, 1998