The case for a credit union Community Reinvestment Act

Columbia Law Review

Volumn 100, Issue 1, 2000, Pages 331-

  Cassity, Wendy ^a  

^a NONE

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EID: 0042408075     PISSN: 00101958     EISSN: None     Source Type: Journal    
DOI: 10.2307/1123561     Document Type: Article

References (3)

1. Credit union membership rose by thirty percent between the mid-1980s and 1998. See Center for Credit Union Research, University of Wisconsin-Madison, Credit Union FAQ (visited Nov. 2, 1998) 〈http://www.wiscinfo.doit.wisc.edu/bschool/cu/cufaq.html〉 (on file with the Columbia Law Review) [hereinafter Credit Union FAQ].
2. See Membership in Federal Credit Unions, Interpretive Ruling and Policy Statement (IRPS) 82-1, 47 Fed. Reg. 16,775 (1982). The "common bond" requirement is set forth in the Federal Credit Union Act of 1934, 12 U.S.C. § 1759 (1994) (amended 1998): "Federal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district."
3. See IRPS 82-1, 47 Fed. Reg. 16,775 (1982) (authorizing "the granting of charters . . . to credit unions which desire to serve multiple occupational groups"). These occupational groups are often referred to as "select employee groups" ("SEGs").