Legal Opinion
Pennsylvania Bankers Ass'n v. Pennsylvania Department of Banking & Trumark Financial Credit Union
Commonwealth Court of Pennsylvania
Decided March 1, 2006PublishedCited by 13 opinions
1Opinion of the Court
OPINION ON APPEALS BY
Judge SIMPSON.
These proeedurally complex consolidated cases present issues of first impression which are of great interest to credit unions and banks. The core issue is whether credit unions which convert from group-based to community-based membership obtain an unfair competitive advantage over banks.
I
A. Statutory Background
Credit unions were first covered by legislation in Pennsylvania in 1933. 1 The current Credit Union Code, 17 Pa.C.S. §§ 101-1504, was enacted in 1990. This codified statute permits credit unions to be chartered for the general purpose “of promoting…
2Cases cited24 opinions
- Wm. Penn Parking Garage, Inc. v. City of PittsburghSupreme Court of Pennsylvania · 1975
- National Credit Union Administration v. First National Bank & Trust Co.Supreme Court of the United States · 1998
- Kmonk-Sullivan v. State Farm Mutual Automobile InsuranceSupreme Court of Pennsylvania · 2001
- Costopoulos v. ThornburghSupreme Court of Pennsylvania · 1979
- City of Pittsburgh v. Alco Parking Corp.Supreme Court of the United States · 1974
19 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Pennsylvania Bankers Ass'n v. Pennsylvania Department of BankingSupreme Court of Pennsylvania · 2008
- Lahr Mechanical v. Workers' Compensation Appeal BoardCommonwealth Court of Pennsylvania · 2007
- Pennsylvania Bankers Ass'n v. Pennsylvania Department of BankingSupreme Court of Pennsylvania · 2008
- Capital Bluecross v. Pennsylvania Insurance DepartmentCommonwealth Court of Pennsylvania · 2007
- Pennsylvania Bankers Ass'n v. Pennsylvania Department of BankingCommonwealth Court of Pennsylvania · 2009
8 more not listed; retrieve them via the Exa API.