HARRISBURG, Pa — The bankers’ three-year-old community chartering case involving Freedom Credit Union and TruMark Financial CU before the Pennsylvania Supreme Court is getting delayed again until next March.
In a Nov. 5 order, the high court without explanation, said it was postponing until its spring term oral arguments regarding the field of membership/tax-exemption complaint brought by the Pennsylvania Bankers Association against the two CUs and the state’s Department of Banking.
“We are disappointed that we cannot wrap up this aspect of the Freedom/TruMark Financial case by year end,” explained Rick Wargo, general counsel for the Pennsylvania Credit Union Association. “We were moving at a good pace throughout this year. We will regroup and address whatever questions the court may have in the spring of 2008.”
The court had originally scheduled arguments for Nov. 28 but it was understood a tight schedule may have prompted the latest court delay.
The court re-listed the case for March 3-7 to be held in Pittsburgh. In March 2006, the lower Commonwealth Court on a 7-1 ruling held the state had acted properly in granting FOM expansion to the two CUs under the state’s constitution. That ruling was subsequently appealed to the state’s high court by the PBA and several banks.