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.
It’s now up to Gov. Andrew Cuomo to ink a new law that expands field of membership rules for state-chartered credit unions.
The $59 million, 9,300-member CBCCU in Clarkston, Mich., said it has expanded its field of membership.
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership. This is not a particularly new phenomenon but one that has garnered attention from an L.A. blogger who was just looking for a credit union to join. She’s had a great...