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.
The state high court sent back to the lower court the question of how much access bankers have to information contained in Belco's application.
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Belco has 45,200 members and $268.6 million in assets.
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