NCUA Chairman Rodney E Hood Statement on Supreme Court’s Decision on Field-of-Membership Lawsuit

ALEXANDRIA, Va. (June 29, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement after the U.S. Supreme Court denied an appeal from the American Bankers Association to review the NCUA’s chartering and field of membership rules.

“Today’s decision by the Supreme Court ends nearly four years of uncertainty and will help the NCUA in its efforts to foster greater financial inclusion for all Americans. The NCUA will begin processing field-of-membership applications affected by this decision immediately.”