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ST. LOUIS — The Missouri Credit Union Association has released its comments on the proposed amendment to the field of membership rule developed in response to a March 24th ruling by the Cole County Circuit Court that struck down the Missouri FOM regulation in its entirety.

In her Aug. 4th comment letter on the proposed rule to Sandra Branson, director, Missouri Division of Credit Unions, Holub asked the division “to be cautious in finalizing this proposed amended rule and carefully test the language of each section to mitigate risk of further litigation. Over the past five years of litigation, we have experienced the result of ambiguous legislative language.”

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