National Credit Union Administration December 10, 2015 – Federal Register Recent Federal Regulation Documents

Chartering and Field of Membership Manual
Document Number: 2015-30069
Type: Proposed Rule
Date: 2015-12-10
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board proposes to comprehensively amend its chartering and field of membership rules to put them in a more efficient framework and to maximize access to federal credit union services to the extent permitted by law. The amendments will implement changes in policy affecting: The definition of a local community, a rural district, and an underserved area; the expansion of multiple common bond credit unions and members' proximity to them; the expansion of single common bond credit unions based on a trade, industry or profession; and the process for applying to charter or expand a federal credit union.