From time to time, the Filene Research Institute is asked to explore credit union public policy issues. We enlisted an authority on public policy, Filene Fellow William Jackson, professor of finance and management at University of Alabama, to assess The Economic Welfare Implications of the Regulation Restricting Non-Multiple- Bond Federal Credit Unions from Entering Underserved Markets.
Jackson’s report exposes a particularly contentious regulation that limits the addition of financially underserved areas to credit unions with multiple common-bond charters.
Click here to review the Credit Union Membership Access Act (Appendix 2).