Removing Barriers Blog

CUNA's Field of Membership Comment Letter Guide Now Available
Posted January 15, 2016 by CUNA Advocacy

Field of Membership – Comment Letter Guide Available

As many of you are aware, the comment period for the NCUA’s Proposed Field of Membership (FOM) rule ends on February 8, 2016.  To date NCUA’s website reflects in excess of 1400+ letters from credit unions in support of the rule, including letters from Congressmen Brad Sherman (CA), John Garamendi (CA), and Ted Lieu (CA).

To assist you in developing your substantive comment letter, we have prepared a Field of Membership Comment Letter Writing Guide.  This Guide will walk you through the various issues of NCUA’s proposal and help simplify the process of submitting a comment letter.

We urge all credit unions to share their opinions with the NCUA on the proposal as this is the best time to shape the rule in our favor.

Also be sure to visit our FOM resource page which contains the FOM Comment Letter Writing Guide as well as numerous other resources on the proposal.  Finally, we have prepared a detailed summary to help you parse through the proposed rule to determine how it would impact your credit union. As always, we thank you for your help and support on this crucial issue to the credit union movement.