FOM Expansion: The Ball Is in the Credit Union's Court

If a credit union chooses to expand its FOM, it must prove to regulators and bankers that it was well worth it.

By Michael Fryzel | August 31, 2018 at 09:00 AM

To the average person, the words field of membership carry little meaning or interest. Most would not know what FOM means or refers to. However, to many individuals engaged in the credit union industry, they are the key to future growth and success. To individuals in the banking industry they believe the words are a prelude to loss of income and infringement on their customer base.

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