First City Bank v. National Credit Union Administration Board

This case involves the interpretation of the Federal Credit Union Act, a statute administered by the National Credit Union Administration (“NCUA”). I believe that the text of the common bond provision is ambiguous and that the district court properly determined that the National Credit Union Administration’s (“NCUA”) interpretation of the common bond provision is reasonable. Because I believe that this case must be examined under both prongs of the doctrine articulated in Chevron U.S.A. v. Natural Res. Def. Council, 467 U.S. 837, 104 S.Ct. 2778, 81 L.Ed.2d 694 (1984), I must respectfully…