NOV 07, 1996
Indicating that the State Board of Financial Institutions vetoed to request an opinion regarding “the authority under current law for a state-chartered credit union to increase its field of membership by including employees or members of other groups whose common bond of occupation or association is different from the original sponsor’s common bond. Stated in the alternative, must each such group have a common bond with the original group that established the credit union.”
Requested by: The Honorable Richard Eckstrom, Chairman, State Board of Financial Institutions
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