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   SUPREME COURT/Key Cases 1997-1998


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Banking:
National Credit Union Administration v.
First National Bank and Trust
AT&T Family Federal Credit Union v.
First National Bank and Trust Co.

(consolidated)

Appealed From: U.S. Court of Appeals, District of Columbia
Subjects: Banking; Standing

Argued: Oct. 6, 1997

Decided: Feb. 25, 1998
Vote: 5-4
At Issue: Whether membership in tax-exempt federal credit unions must be limited to people who share the same employer or other narrow common bond.

Decision: In a split decision, the justices voted to overturn a government policy that allowed credit unions to accept more members than federal law normally allowed.

Read the full text of the National Credit Union Administration v. First National Bank and Trust decision at the Findlaw Internet Legal Resources Web site.


Background from The Post
Credit Unions Say Ruling Will Stunt Growth (Feb. 26, 1998)
Ruling Limits Credit Union Membership (Feb. 26, 1998)
Justices Hear Credit Union Case (Oct. 7, 1997)
High Court Will Hear Challenge to Credit Unions (Feb. 25, 1997)

Sources: The Washington Post, Supreme Court, The United States Law Week (a Bureau of National Affairs, Inc. publication)



© Copyright 1998 The Washington Post Company

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