Should credit unions be able to choose to convert to mutual savings banks and change their charter accordingly, if they think that would be better?

Congress is currently considering H.R.1151, which changes the law that struck down an interpretation by the NCUA permitting credit union common bonds among unrelated employers.

The recently announced acquisition of Nationwide Federal Credit Union by Nationwide Bank brings a whole new perspective to the credit union conversion issue.

Opponents ofcredit-union charter conversion to banks do not havea reasonable position.

The Government Performance and Results Act of 1993 required the plan to include a mission statement, goals and objectives for the period 1997 through 2002.