WASHINGTON — The credit union and bank parties in the American Bankers Association vs. NCUA lawsuit challenging the approval of a community charter for Members 1st Federal Credit Union and subsequent others is finally seeing some light at the end of the tunnel.

NCUA and the credit unions and representative associations joining in as intervenors in the agency’s defense against a banker challenge to field of membership policies filed a motion of summary judgment on Monday, Nov. 19. The motion essentially asks the judge to make a ruling based on briefs rather than moving on to oral arguments, which have been scheduled for Jan. 4.

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