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Court Dismisses Coalition's Complaint Against NCUA

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

By David Morrison | Updated on December 12, 2007

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.

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