Newsroom

FOR IMMEDIATE RELEASE

Washington (March 10, 2017) – The Independent Community Bankers of America (ICBA) has until March 27, not Feb. 23, to appeal U.S. District Court Judge James Cacheris' granting of the National Credit Union Administration's motion to dismiss the banking trade's lawsuit against NCUA and its member business lending rule.

CUNA and NAFCU believe the court's dismissal of the suit this January vindicates NCUA's rulemaking. The two remain confident that the court will uphold the district court's ruling regardless of any appeal.

About CUNA:

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by more than 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNAon Twitter. For more information about credit unions, visit www.aSmarterChoice.organd follow @asmarterchoiceon Twitter.

About NAFCU:

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation's federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go towww.nafcu.orgor @NAFCU on Twitter.

Susan Broaddus
NAFCU Communications
703-842-2230
sbroaddus@nafcu.org