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PA High Court OKs Belco Community Charter

WASHINGTON - The Pennsylvania Supreme Court ruled that Belco Community Credit Union can keep its community charter that allows it to recruit members in a seven-county area in Central Pennsylvania.

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WASHINGTON – The Pennsylvania Supreme Court ruled that Belco Community Credit Union can keep its community charter that allows it to recruit members in a seven-county area in Central Pennsylvania.

Thursday’s decision in a case filed by Pennsylvania Bankers Association upheld a 2006 lower-court ruling which said that the Pennsylvania Department of Banking was correct when it granted the Harrisburg-based credit union a community charter.

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