Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, Va. — The NCUA Board voted 2-1 March 15 to reject two credit unions’ community charter applications, prompting the board members to say they will be looking into clarifying the Field of Membership and Chartering Manual.

Cinfed Federal Credit Union and Emery Federal Credit Union were both turned down by the region for community charters encompassing eight counties in Ohio, Kentucky, and Indiana with a population of 1.9 million people. The NCUA Board last week denied their appeal of the regional directors’ decision on a 2-1 vote with Board Member Gigi Hyland voting to approve the community charter application and Vice Chairman Rodney Hood stating he was inclined to do so, but thought better of it in order to “do more for the credit union system…at this time.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.