X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JEFFERSON CITY, Mo. — Field of membership has been a bone of contention between banks and credit unions across the country for ages, but the rivals in Missouri are working through it. “This entire bill has been six months of negotiations. So far, so good,” MCUA Spokesperson Amy McLard said. “You always hope for the best and plan for the worst.” While negotiations appear to be going well, the association has launched its missouricreditunions.org Web site to try to sign up credit union supporters just in case. In the most recent court ruling in a series of banker-instigated suits, a circuit court judge said he did not agree with the Missouri Division of Credit Unions’ definition of “geographic area”, but provided no alternate meaning in his opinion. Now, legislation is being hammered out between the banks and credit unions to stop the constant court battles.

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

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.