After being in a court-ordered field of membership limbo lasting six years, one Louisville, Ky. CU said it stands ready now to finally sign up new members and expand services in one of its suburban branches.
"We're really pretty excited that once the 30-day venue is lifted, we can get final approval and go ahead with expansion at our Shepherdsville branch," said Jeff Roberts, president/CEO of the $41 million Beacon Community CU, one of six Kentucky CUs party to a long-running FOM case in state courts culminating in last week's Kentucky Supreme Court ruling favoring CUs.
Joining Roberts in readying the application process on community charters, first stalled in 2004 and followed up with banker-backed state court suits two years later, is Charles Vice, commissioner of financial institutions.
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