Legal Opinion
National Credit Union Administration v. First National Bank & Trust Co.
Supreme Court of the United States
Decided February 25, 1998No. 96-843PublishedCited by 361 opinions
1Opinion of the CourtJustice Thomas
delivered the opinion of the Court, except as to footnote 6.*
Section 109 of the Federal Credit Union Act (FCUA), 48 Stat. 1219, 12 U. S. C. § 1759, provides that “[fjederal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within *483a well-defined neighborhood, community, or rural district.” Since 1982, the National Credit Union Administration (NCUA), the agency charged with administering the FCUA, has interpreted § 109 to permit federal credit unions to be composed of multiple unrelated employer groups, each having its own common…
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3Cited by361 opinions
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