Independent NCUSIF Nips NCUA’s Overreach
After the Berlin Wall came down, Congress decided to cash in the peace dividend and began closing military bases. One of the bases that closed was our primary sponsor, McClellan Air Force Base.
We decided to convert to a community field of membership. Unfortunately, our federal charter limited the field of membership to such an extent that we had to switch to a state charter to serve the multicounty Sacramento region.