ALEXANDRIA, VA — U.S. District Judge Claude Hilton has dismissed the attempt by the Coalition For Credit Union Charter Options to overturn NCUA's regulations overseeing the disclosures and process credit unions must follow if they wish to change to mutual bank charters.

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

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

“Plaintiff has made no showing that any of its members are immediately in danger of sustaining any direct injury as a result of the challenged regulations,” Judge Hilton wrote in his order dismissing the case. “While Plaintiff has alleged that the challenged regulations have made charter conversions more expensive to undertake, it does not allege that any of its members have any immediate plans to convert to a mutual savings bank or that the regulations would prevent them from doing so.”