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Bankers file brief ask for FOM reversals
HARRISBURG, Pa. (8/25/08)--Bankers have filed a brief in the U.S. District Court in Pennsylvania asking that approvals of three field-of-membership (FOM) expansions be set aside and returned to the National Credit Union Administration (NCUA) for more review. NCUA had approved FOM expansions involving three six-county communities in central Pennsylvania in 2003. The brief was filed in response to U.S. District Court Judge Yvette Kane’s decision in July that NCUA’s record was insufficient to sustain the agency's decision to grant the six-county-area, according to the Pennsylvania Credit Union Association (Life is a Highway Aug. 22). Bankers are asking the court to return AmeriChoice FCU, Mechanicsburg; Members 1st FCU, Mechanicsburg; and New Cumberland (Pa.) FCU to their original fields of membership. The document filed by the bankers does not ask for the credit unions to divest the members who were added as a result of the six-county area approved by NCUA. NCUA and the credit unions’ responses are due Sept. 4.


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