Roemer s co-signing comes on the heels of a Feb. 25 Supreme Court ruling affecting federal credit unions that have been enrolling multiple employee groups. In 1982 the National Credit Union Administration ruled that the 1934 law allows the practice. The court disagreed, saying the law as written limits membership to only one group. That leaves employees of small companies with too few potential credit union members and members of existing credit unions whose employers have downsized or gone out of business without access to a credit union. Roemer says that will hurt all purchasers of financial services.
Credit unions offer a choice.
They belong in the marketplace. We are grateful to Rep. Roemer for taking a stand in favor of consumers everywhere. Indiana Credit Union League Duplication of information found within this site, is prohibited without express written permission from Indiana Credit Union League. Any modification or redistribution of the material within is a violation of applicable copyright laws. Information is subject to change without notice.