The National Credit Union Administration (NCUA) in August approved a community charter for Utah Community FCU (Provo, UT) comprised of a Combined Statistical Area (CSA) serving 10 Utah counties.
Under NCUA's new field of membership rules, a CSA with up to 2.5 million people is viewed as a presumptive local, well-defined community, despite being a region.
The CSA includes the counties of Box Elder, Davis, Juab, Morgan, Salt Lake, Summit, Tooele, Utah, Wasatch, and Weber.
Let's look at the facts.
This CSA served a large geographic area and large population.
The community charter stretches east-to-west from the Wyoming border to the Nevada border. The geographic area also borders the state of Idaho.
The square mileage of the 10-county region is 23,356.18, which is larger than 9 states.
The population of the combined statistical area is almost $2.4 million.
The Salt Lake City-Provo-Orem CSA includes three metropolitan statistical areas and two micropolitan statistical areas.
However, in 2004, a Utah federal judge ruled that the six counties of Davis, Morgan, Salt Lake, Summit, Tooele, and Weber did not constitute a local, well-defined community. These six counties are part of the 10 county region approved by NCUA as a local, well-defined community.
So if these six counties did not constitute a local, well-defined community, how does this 10-county region represent a local, well-defined community?
Hopefully, the federal court invalidates this provision in NCUA's field of membership regulation.
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