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A watershed ruling this week by a Pennsylvania court upholding a state regulator’s decision to grant five-county field of membership expansions to two Philadelphia credit unions is a “key legal victory” on the so called “well defined” community definitions, top attorneys said.

The 54-page ruling handed down Monday by the Commonwealth Court of Pennsylvania supporting the Department of Banking’s FOM approvals for Trumark Financial CU and Freedom CU and climaxes nearly five years of banker-sponsored litigation against CUs and the state regulator.


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