Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HARRISBURG, Pa. — In the latest chapter of the case concerning the challenge by the Pennsylvania Bankers Association against a community charter conversion approved by the Pennsylvania Department of Banking for Belco Credit Union, attorneys for the credit union and the bankers, and the deputy chief counsel for the Department of Banking, presented oral arguments last week in the Pennsylvania Commonwealth Court.

According to the Pennsylvania Credit Union Association, the oral arguments focused on the issue of community chartering. Key issues included whether the bank groups have legal standing to intervene in matters subject to the state Credit Union Code, the department of banking’s procedures and the way it reviewed community charter conversions, and the extent to which outside third parties can obtain access to the documentation submitted to the department in connection with a community charter application. PCUA Senior Vice President Communications and Marketing Mike Wishnow said each side was given 15 minutes to present its case. Presenting for the department of banking was Linda Carroll, deputy chief counsel; Frank Crowley, an attorney with the law firm of Blank Rome presented for Belco.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.