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CUNA-letter-on-community-CU-chartering-and-FOM

FOR IMMEDIATE RELEASE
Contact: Patrick Keefe
CUNA Communications, 202-508-6765
pkeefe@cuna.com


CUNA has recommended to NCUA that it consider additional changes to its 2007 proposal for chartering and field of membership policies for community chartered credit unions. In a letter to NCUA Board Chairman JoAnn Johnson, CUNA makes eight recommendations, including establishing a ?core-based statistical area? (CBSA) on parameters established by the Office of Management and Budget; use the U.S. Department of Agriculture?s definition of ?Rural District,? and d modify the notice and comment period the agency proposed for those credit unions seeking community expansions or charters that do not qualify for the community presumption.


Following is the complete text of CUNA?s letter to Chairman Johnson:


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