JEFFERSON CITY, Mo. — Breaking a two-year-old, banker-induced logjam on field of membership expansion, the Missouri Division of Credit Unions approved this month its first FOM application since a new FOM law went into effect last August.

Winning FOM state regulatory authority for its FOM application is the $124 milion Alliance CU of Fenton which won the right to expand into all of Jefferson County. Alliance is headquartered in adjacent St. Louis County.

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