Retail Profit Management (RPM)

Credit Union Eligibility Page

HR 1151 became the Credit Union Membership Access Act with the signature of President Clinton on August 7, 1998.

Here are some links regarding the progress of HR1151, the CU Membership Access Act, through the last phases of the legislative process.

  • Credit Union Times: HR1151 passes House on voice vote, now on to the President
  • Credit Union Times: Congressional passage on fast track, vote to be taken August 3, hoping to submit to the President for his signature before summer vacation beginning August 19.
  • American Bankers Association reaction -- a loss for taxpayers
  • Tennessee Credit Union League reaction
  • Credit Union Times: Senate rejects Shelby amendment and passes HR1151 -- need for House-Senate conference stil uncertain
  • Credit Union Times: Senate rejects tabling Gramm amendment and thus strikes the "CRA-Lite" provisions, and rejects the Hagel-Bennett amendment restricting business lending (MBL or member business loans), on July 27
  • Credit Union Times: Background on the Gramm amendment and expected course of Senate debate
  • Credit Union Journal: CU's want to avoid conference and have Senate pass version as close to House version as possible

    Federal Credit Union Eligibility: Supreme Court Links

    Here are some links regarding the Supreme Court's decision on who is eligible to join federal credit unions, rendered on February 25, 1998.

  • Text Of The Supreme Court Majority Opinion On Credit Union Eligibility
  • Text Of The Supreme Court Dissenting Opinion On Credit Union Eligibility
  • Syllabus Of The Supreme Court Decision On Credit Union Eligibility
  • Other Field Of Membership Litigation
  • Sponsors Of The Credit Union Membership Act, H.R. 1151
  • American Bankers Association Statement
  • Response Of The General Counsel Of The Credit Union National Association
  • Other Credit Union Movement Reactions


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