CUs Continue To Flee Utah Charter
TEMPE, Ariz.-NCUA said it has approved the conversion of University of Utah CU to a federal charter, the 10th credit union to flee the state charter over the past 15 months.
The state's fifth largest credit union was approved by NCUA Western Region VI office to serve five Utah counties encompassing more than 1.4 million residents, the same multiple-county FOM now being challenged in court by the Utah Bankers Association.
Since the start of this year when the banker-backed bid to tax credit unions reached a climax