Removing Barriers Blog

Great news! U.S. Court of Appeals of D.C. denied ABA's appeal for en banc
Posted December 12, 2019 by CUNA Advocacy

The U.S. Court of Appeals for the D.C. Circuit denied the American Bankers Association’s appeal for a rehearing en banc in its lawsuit against NCUA’s field of membership rule. CUNA filed a brief in support of NCUA in the initial hearing, and strongly supports NCUA’s field-of-membership rule.  In August, the credit union movement gained an absolutely momentous victory as the D.C. Court of Appeals upheld the NCUA's field of membership (FOM) rule. The implications for this decision are huge. But ultimately, it confirms rules NCUA established in 2016 that allow credit unions to serve more members, especially in rural communities. 

“Today’s decision by the D. C. Circuit Court upholding the National Credit Union Administration’s field of membership rule is another major win for credit unions and the 117 million members they serve,” said CUNA President/CEO Jim Nussle. “By recognizing the agency’s authority to regulate and guide America’s not-for-profit credit unions, the court has ensured that the member-owned, people-over-profit cooperative movement will remain strong and continue to grow to meet the needs of Americans for years to come.”