NCUA Chairman Hood Statement on the Appeals Court Decision Regarding Field-of-Membership Rule

ALEXANDRIA, Va. (Aug. 20, 2019) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement in response to today’s D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration:

“The NCUA is pleased with today’s Court of Appeals decision. The agency is still reviewing that decision. In the near future, we will provide guidance for affected credit unions.”