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AMERICAN BANKERS ASSOCIATION v. NATIONAL CREDIT UNION ADMIN.

No. Civ.A. 99-00042(CKK).

38 F.Supp.2d 114 (1999)

AMERICAN BANKERS ASSOCIATION, Plaintiff, Independent Bankers Association of America, Plaintiff-Intervenor, v. NATIONAL CREDIT UNION ADMINISTRATION, Defendant, National Association of Federal Credit Unions, and Credit Union National Association, Defendant-Intervenors.

United States District Court, District of Columbia.

March 10, 1999.

Attorney(s) appearing for the Case

Michael S. Helfer, Wilmer, Cutler & Pickering, Washington, D.C., for plaintiff.

Leonard J. Rubin, Albert B. Krachman, Bracewell & Patterson, L.L.P., Washington, D.C., for Plaintiff-Intervenor.

Arthur R. Goldberg, Lois Bonsal Osler, United States Department of Justice, Federal Programs Branch, Civil Division, Washington, D.C., for Defendant.

David M. Malone, Ronald R. Glancz, Venable, Baetjer, Howard & Civiletti, L.L.P., Washington, D.C., Paul J. Lambert, Bingham Dana, L.L.P., Washington, D.C., for Defendant-Intervenor.

MEMORANDUM OPINION

KOLLAR-KOTELLY, District Judge.

For years, the National Credit Union Administration (NCUA) interpreted Section 109 of the Federal Credit Union Act (FCUA), 12 U.S.C. § 1759, to permit various employment groups, each one united by its own peculiar occupational bond but otherwise unrelated to another group, to coalesce and form a "multiple common-bond" credit union. See Interpretative Ruling and Policy Statement (IRPS) 82-1, 47...

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