Credit union leaders and other stakeholders should proceed with caution when asking Congress for field of membership changes.
NCUA's Fazio tells Senate Banking Committee 77% of credit unions could gain regulatory relief.
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 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.
Agency explores field of membership, secondary capital for low-income credit unions.
First Entertainment CU CEO defends the use of catch-all association groups, saying FOM has nothing to do with tax exemption.
Hartford, Conn., institution has $42 million in assets and now serves all of Hartford County.
$25 million credit union drops "Federal" and expands to 22 counties.