Removing Barriers Blog

CUNA Files Field of Membership Comment Letter
Posted December 08, 2016 by CUNA Advocacy

CUNA filed a comment letter today supporting NCUA’s latest proposed field of membership (FOM) rule.  The proposal would make two important additional changes to NCUA’s FOM rules.  The proposal would increase the population limit from 2.5 million to 10 million when a well-defined local area based on statistical area and reinstate the narrative model which was removed in the 2010 FOM final rule. 

CUNA strongly supports both of these changes and had advocated for them for quite some time.  These changes will add flexibility for community chartered credit unions to serve consumers.