While Kentucky credit unions are performing higher than the national average in a number of areas, the cooperatives were challenged by CUNA Mutual Group to seek out more growth strategies.
The nation's attention may be on the Nov. 2 mid-terms but there's plenty of election-year jockeying this month for the CUNA Board of Directors.
Kentucky credit unions hailed a May 20 ruling by the Kentucky Supreme Court that struck down a long-running banker challenge on community charter field of membership expansion.
After being in a court-ordered field of membership limbo lasting six years, one Louisville, Ky. CU said it stands ready now to finally sign up new members and expand services in one of its suburban branches.
Credit union lawyers were hailing a Kentucky Supreme Court ruling upholding state authority on field of membership powers as providing the banking lobby "a resounding defeat" as part of its ongoing quest to curtail CU expansion.