Webinar: Understanding Fiduciary Duties
Join attorney, credit union consultant and former NCUA Chief of Staff Kirk Cuevas as he provides a complete assessment of the fiduciary duties associated with being a credit union director....
Archive Recording: FOM 2013: What Field of Membership Options are Still Available
Recently, NCUA issued a final rule amending its chartering and field of membership manual to update community chartering policies for federal credit unions. This rule, intended to simplify the qualifying process, has had a dramatic impact on the number and size of areas that qualify as a well-defined local community.
This rule was just the latest in a series of changes to the chartering and field of membership manual for credit unions. Recent changes have impacted underserved areas, community charters, SEG expansions and mergers. If your credit union has considered the possibility of expanding your field of membership, recent changes can have significant implications for your strategic direction, both now and in the future.
There are also merger ramifications of recent changes to the FOM rules. Any credit union that may engage a merger partner in the months to come must stay on top of the changing FOM rules.
As leading experts in credit union field of membership, former NCUA Chairman Dennis Dollar and former NCUA Chief of Staff Kirk Cuevas will walk attendees through the field of membership diversification options available to credit unions in the current environment, identifying pros and cons of each option.
Don’t miss out on the discussion and insights that this challenging and enlightening presentation will provide. FOM 2013 will give any strategic minded credit union leader the tools necessary to evaluate and respond to the recent changes to the NCUA field of membership manual and analyze the true impact of the proposal on the credit union's goals.