This session will provide an analysis of the recent NCUA Field of Membership proposal and equip credit unions to assess the impact of the proposed rule on their credit union....
Archive Recording: NCUA's Field of Membership Proposal: What Does It Mean for My Credit Union
In November 2015 NCUA approved and put out for a comment period the long-awaited proposal to amend and revise the agency’s field of membership (FOM) rules and regulations. This was welcomed news by many because, regardless of charter type, FOM policy still matters for every credit union in America that wants to grow. After all, new income requires new loans which require new accounts which require new members which require more eligible members which require more field of membership opportunity. The daisy chain of credit union financial success begins with field of membership.
NCUA's proposed FOM rules will change the potential membership eligibility playing field for all federally insured credit unions. In this webinar, former NCUA Chairman Dennis Dollar and former NCUA Chief of Staff Kirk Cuevas take an in-depth look at the history behind this proposed rule, what the practical implications will be and what might be some of the improvements that could be made and suggested during the comment period to make the proposal more workable for credit unions.
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 proposal, while also identifying areas of suggested improvement on the proposed rules that NCUA could implement as part of its comment period and review process.
Don’t miss out on the discussion and insights that this challenging and enlightening presentation will provide. This presentation will give any strategic minded credit union leaders the tools necessary to evaluate and respond to proposed changes to the NCUA field of membership manual and analyze the true impact of potential changes on the credit union's goals.
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