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ALEXANDRIA, Va. — NCUA has filed arguments with a federal court seeking to have a lawsuit brought by a banker led charter change group dismissed.

The suit was brought by Coalition for Credit Union Charter Options and argued 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 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.

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