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PA Bulletin, Doc. No. 04-561

NOTICES

Freedom Credit Union Community Charter Conversion Application; Doc. No. APP-2003-01; Philadelphia Telco Credit Union (d/b/a Trumark Financial Credit Union) Community Charter Conversion Application; Doc. No. APP-2003-02; Corry-Jamestown Credit Union Community Charter Conversion Application; Doc. No. APP-2004-01

[34 Pa.B. 1806]

Hearing and Procedure

   Notice is hereby given of a formal administrative hearing or hearings to be held by the Pennsylvania Department of Banking (hereinafter the ''Department'') in response to protests filed in the above-captioned matter, pursuant to 17 Pa.C.S. § 503(a.2)(1) (relating to the Department's authority to hold hearings under the Credit Union Code) and 2 Pa.C.S. §§ 501--508 and 701--704 (relating to the Administrative Agency Law). Notice is also hereby given that the above three proceedings may be consolidated.

   Freedom Credit Union has filed an application to convert to a community charter which would encompass Chester, Delaware, Montgomery, Bucks, and Philadelphia Counties in Pennsylvania and Gloucester, Camden and Burlington Counties in New Jersey. Philadelphia Telco Credit Union has filed an application to convert to a community charter which would encompass Chester, Delaware, Montgomery, Bucks, and Philadelphia Counties. Corry-Jamestown Credit Union has filed an application to convert to a community charter which would encompass a portion of six Pennsylvania counties Erie, Crawford, Venango, Warren, Mercer, and Forest and Chautauqua County in New York. The Department has not previously been presented with applications for community charters of similar geographic scope and authority. Therefore, due to the novel and complex issues presented by these applications, and the interest and concerns expressed by the banking industry, the Department has determined that the hearing and other procedural matters shall be governed by the General Rules of Administrative Practice and Procedure, which are found at 1 Pa. Code Part II. This determination has been made in accordance with the Department's retained authority to adopt different procedures that it deems necessary and reasonable in acting upon a particular application, pursuant to the Department's hearing regulations at 10 Pa. Code § 3.14. Further, to the extent that the Credit Union Code at 17 Pa.C.S. § 101 et seq. is at issue, the provisions of 2 Pa.C.S. Chapter 5 Subchapter A and Chapter 7 Subchapter A apply.

   Please be advised that all proceedings in the above-captioned matters are confidential pursuant to Section 302.A of the Department of Banking Code, 71 P. S. § 733-302.A, and therefore access to records of and attendance at such proceedings is limited to the applicants, parties granted intervention status and their counsel.

   Petitions to intervene must be filed by interested parties by April 16, 2004.

A. WILLIAM SCHENCK, III,   
Secretary

[Pa.B. Doc. No. 04-561. Filed for public inspection April 2, 2004, 9:00 a.m.]


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