<p>PLANO, Texas – Community CU filed seven applications with the state Credit Union Division – one for each of the geographic regions the $956 million credit union serves – to have the exclusionary language removed from its field-of-membership. Commissioner Harold Feeney said each geographic group is considered a separate community of interest. In November 2000, the state’s credit union FOM rule was changed to eliminate field-of-membership overlap protection and to allow anyone eligible to join a credit union to do so regardless of whether they’re eligible to join another credit union in the same geographic area. Feeney said it was determined that “unless a credit union’s safety and soundness was at issue, then exclusivity language was not appropriate.” Community CU is the sixth largest credit union in the state based on assets and has more than 171,000 members.</p>

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