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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.

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