St. Helens Ruling Called Worthy of NCUA Involvement
The NCUA is standing firm in its position that it doesn’t want to get involved in a lawsuit brought by a member against an Oregon credit union, but according to a prominent industry attorney, last week’s ruling could have repercussions for the federal regulator.
U.S. District Judge Marco A. Hernandez in Portland, Ore., dismissed plaintiff Steven Knebel’s claims against the $170 million St. Helens Community FCU of St. Helens, Ore., on May 20. Knebel sued the credit union after it allegedly violated bylaws by counting mailed ballots during a special meeting to recall directors. According to federal credit union bylaws, only votes placed in person at the meeting may be counted.
“We understand the plaintiff is planning an appeal, so we consider this litigation to be continuing,” he said.