National Credit Union Administration v. First National Bank & Trust Co. et al. (522 U.S. 479)
U.S. Supreme Court · decided February 25, 1998 · Supreme Court Database (Spaeth)
- Citation
- 522 U.S. 479 · 118 S. Ct. 927
- Decided
- February 25, 1998
- Term
- October Term 1997
- Vote
- 5–4
- Majority author
- Justice Thomas
- Issue area
- Economic Activity
- Disposition
- Affirmed
- Outcome
- Petitioning party lost
- Ideological direction
- Conservative
Opinion excerpt
Justice Thomas delivered the opinion of the Court, except as to footnote 6. Section 109 of the Federal Credit Union Act (FCUA), 48 Stat. 1219, 12 U. S. C. § 1759, provides that “[fjederal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district.” Since 1982, the National Credit Union Administration (NCUA), the agency charged with administering the FCUA, has interpreted § 109 to permit federal credit unions to be composed of multiple unrelated employer groups, each having its own common bond of occupation. In this action, respondents, five banks and the American Bankers Association, have challenged this interpretation on the ground that § 109 unambiguously requires that the same common bond of occupation unite every member of an occupationally defined federal credit union. We granted certiorari to answer two questions. First, do respondents have standing under the Administrative Procedure Act to seek federal-court review of the NCUA’s interpretation? Second, under the analysis set forth in Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc., 467 U. S. 837 (1984), is the NCUA’s interpretation permissible? We answer the first question in the affirmative and the second question in the negative. We therefore affirm. I A In 1934, during the Great…
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