As a result, they would benefit the most from credit union membership, yet they are the very people who currently are being blocked from credit union access because of banker lawsuits. If banks win the battle, these people won't have the option of joining a credit union. People know that a bank monopoly of consumer financial services is not in their best interest, McKenzie said. This issue affects 152 federal credit unions in Indiana that have multiple groups in their fields of membership. It applies only to federally chartered not state-chartered credit unions.
Credit unions can continue to serve current members.
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