Lobby of the NCUA.

The NCUA on June 22 will consider a final rule to amend its Field of Membership requirements—a change that provoked the ire of bankers and the applause of credit unions when it was presented as a proposal in 2016.

While the content of the final rule is not yet available, the rule, as proposed would allow applicants for community chartering approval, expansion or conversion the option of presenting a narrative in order to provide it will serve a well-defined local community.

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David Baumann

 

Credit Union Times

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