ALEXANDRIA, Va. — The NCUA has filed briefs with Federal District Court for the Eastern District of Virginia seeking to have the court dismiss a case brought by the Coalition for Credit Union Charter Options against its regulations governing the CU to bank charter conversion process.
The Coalition of Credit Union Charter Options is a banker led group that claims to include credit unions and which lobbies in favor of credit union to bank charter change. The organization has never released its membership list or even revealed how many CUs it claims to have as members.
In its filing the agency challenged the suit on the grounds that the Coalition was complaining about regulations that had since been superseded and that the Coalition lacked standing to bring the case.
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