Federal Credit Union Membership Act of 1998 - Amends the Federal Credit Union Act to limit Federal credit union membership to: (1) a group which has a common bond of enterprise, trade, or association; or (2) groups within a well-defined community, neighborhood, or rural district with a population of 25,000 or less.
Grandfathers any person or organization who: (1) was a member as of February 25, 1998; or (2) becomes a member of any group whose members constituted a portion of Federal credit union membership as of such date.
Sponsor introductory remarks on measure. (CR H930)
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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