Monikers for Alabama, Tennessee cooperatives reflect changes in fields of membership.
The NCUA can offer more flexibility revising existing FOM rules, while the industry and agency can pursue legislative changes on Capitol Hill.
The NCUA should attempt to update its field of membership rules before taking FOM to Capitol Hill.
In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
Plan is to remove all limits on member business loans except those imposed by statute, says NCUA Chairman Matz.
NCUA Vice Chairman calls out a recent NAFCU opinion piece that questions the agency's desire to update FOM rules and law.
The NCUA can provide federal credit unions more flexibility through revisions to existing field of membership rules.
Two large credit unions convert to state charters after finding federal FOM restrictions too limiting.
The regulator's Strive to Thrive video identifies FOM expansion and conversion opportunities.
New law allows state-chartered credit unions to combine SEGs and other groups in a single field of membership.