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Courts upheaval for credit unions in joiner battle
A federal court order restricts who may join credit unions prompting hearings before US District Judge Thomas Penfield Jackson. The case could expel millions from membership and force restructuring of about 3600 federal credit unions, affecting roughly 10.5 million members. AT&T Family FCU and ABA weigh in as unions and banks clash over core bonds.
MENTIONED IN THIS ARTICLE
Washington
Thomas Penfield Jackson
Jackson
Mark Schaefer
At&t Family Federal Credit Union
Schaefer
Winston- Salem
N.C
ABA
U.S. Court of Appeals
District of Columbia
At&t
The
National Credit Union Administration
Credit Union National Association
Jerry Karbon
North Carolina
Circuit City