WASHINGTON, D.C. – In a case involving multiple challenges to the National Credit Union Administration’s (NCUA)

field of membership rules (American Bankers Association v. National Credit Union Administration, et al.), the

United States Court of Appeals for the District of Columbia today threw out the challenges made by the American’

Bankers Association (ABA), finding the ABA’s arguments without merit and affirming the district court’s dismissal

of the case.

"Today’s ruling is a complete victory for credit unions. Our arguments prevailed and we won on the merits,"

said Daniel A. Mica, president and CEO of the Credit Union National Association. "I am extremely pleased and

gratified by today’s decision. We have been consistently confident throughout this process that the courts would

support NCUA’s interpretations of the Credit Union Membership Access Act, and that the bankers’ objections were

baseless. Today’s ruling reaffirms this long-held belief."

Mica also noted the hard work put in by lawyers for CUNA. "I want to especially commend the legal team at CUNA

for the crucial efforts they have made during the long legal process concluded today," Mica said. "Their hard

work and dedication in support of NCUA have played an important role in bringing about today’s positive results."

"We have been confident of our arguments from the beginning," said Eric Richard, CUNA’s General Counsel. "Now

we look forward to working with NCUA to move forward on implementing the rules and regulations allowed under the

Credit Union Membership Access Act."