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photo, Rosie Holub
The Missouri Credit Union Association said a new bill may help end seven years of field of membership lawsuits in the Show Me State- providing bankers and/or legislators do not make major alterations.
MCUA CEO Rosie Holub testified before Missouri's State Senate Committee on Financial Institutions, Government Organizations and Elections. She said the president of the state Senate and the chairman of the committee worked to bring bankers and credit unions together to gain resolution on FOM lawsuits that "have been going on since 2000."
A 2006 court decision struck down a rule that had been used by Missouri's Credit Union Commission to define geographic area designations. In the...