Number: 98-933
Title: CREDIT UNION MEMBERSHIP ACCESS ACT: BACKGROUND AND ISSUES
Authors: Pauline Smale, Economics Division 
Abstract: On August 7, 1998, P.L. 105-219, the Credit Union Membership Access Act was enacted. It grandfathers all current FCUs and all current credit union members. The Act provides for future multiple- group formations subject to limitations that the NCUA must consider when authorizing charters. In addition, the statute contains provisions for stricter regulatory, supervisory, and commercial lending requirements for credit unions.
Pages: 4
Date: Updated January 5, 2001