California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 30 - Credit Unions
Article 1 - General Provisions
Section 30.51 - Field of Membership: Common Bond

Universal Citation: 10 CA Code of Regs 30.51
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

The field of membership of a credit union shall consist of groups of persons with a common bond beyond obtaining financial services from the credit union. There are three basic forms of groups eligible for membership in a credit union: groups based upon a common bond of occupation; groups based upon a common bond of association; and, groups within a well-defined neighborhood, community, or rural district. A credit union may serve multiple groups from one or more of the three types of groups discussed above.

1. New section filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14155 and 15451, Financial Code.

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