National Credit Union Administration June 25, 2010 – Federal Register Recent Federal Regulation Documents

Chartering and Field of Membership for Federal Credit Unions
Document Number: 2010-15130
Type: Rule
Date: 2010-06-25
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending its chartering and field of membership manual to update its community chartering policies. These amendments include using objective and quantifiable criteria to determine the existence of a local community and defining the term ``rural district.'' The amendments clarify NCUA's marketing plan requirements for credit unions converting to or expanding their community charters and define the term ``in danger of insolvency'' for emergency merger purposes.