Credit Union Common Bond Ruling: NCUA v. First National Bank and Trust Co._U.S._ (No. 96-843)

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Description

On February 25, 1998, the Supreme Court ruled that federal credit unions may not consist of more than one occupational group having a single common bond. On April 1, the House passed H.R. 1151 (H.Rept. 105-472), which grandfathers existing credit unions and sets standards for future multi-group credit unions.

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2 pages.

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Murphy, M. Maureen August 13, 1998.

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On February 25, 1998, the Supreme Court ruled that federal credit unions may not consist of more than one occupational group having a single common bond. On April 1, the House passed H.R. 1151 (H.Rept. 105-472), which grandfathers existing credit unions and sets standards for future multi-group credit unions.

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  • August 13, 1998

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  • June 11, 2005, 11:11 a.m.

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  • Feb. 10, 2017, 1:47 p.m.

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Thumbnail image of item number 1 in: 'Credit Union Common Bond Ruling: NCUA v. First National Bank and Trust Co._U.S._ (No. 96-843)'.
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Murphy, M. Maureen. Credit Union Common Bond Ruling: NCUA v. First National Bank and Trust Co._U.S._ (No. 96-843), report, August 13, 1998; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs683/: accessed November 30, 2023), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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