ALEXANDRIA, VA — U.S. District Judge Claude Hilton has dismissedthe attempt by the Coalition For Credit Union Charter Options tooverturn NCUA's regulations overseeing the disclosures and processcredit unions must follow if they wish to change to mutual bankcharters.


The coalition brought the case in July of this year, arguingthat the agency's charter change procedures are more difficult andcomplicated than Congress meant them to be and that they imposedtoo great a burden on converting credit unions.


But the judge agreed with the agency that the Coalition lackedstanding to bring its complaint.


“Plaintiff has made no showing that any of its members areimmediately in danger of sustaining any direct injury as a resultof the challenged regulations,” Judge Hilton wrote in his orderdismissing the case. “While Plaintiff has alleged that thechallenged regulations have made charter conversions more expensiveto undertake, it does not allege that any of its members have anyimmediate plans to convert to a mutual savings bank or that theregulations would prevent them from doing so.”

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