NCUA’s Field of Membership Rules: What Do They Mean for My Credit Union?

In June 2020 the United States Supreme Court upheld the October 2016 NCUA approved final rule to amend and revise the agency’s field of membership (FOM) rules and regulations.   After almost four years of uncertainty due to legal challenges, there is now clarity on what FOM options are available for credit unions.  This is 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.

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, including the provisions again in effect at NCUA.

Don’t miss out on the discussion and insights that this challenging and enlightening presentation will provide. This presentation will give strategic minded credit union leaders the tools necessary to evaluate and respond to recent changes to the NCUA field of membership manual and analyze the true impact of potential changes on the credit union’s goals.

Sign up for this no cost webinar today!