Federal Register - Credit Unions

Chartering and Field of Membership

By

Use this page to get oriented quickly.

The brief below is a reading aid. The original source material and source link remain the governing reference.

This page has limited site analysis.

The site does not yet have a full operational brief for this item. The Texas-specific rationale is limited or unavailable.

Operational Brief

A detailed site brief is not available for this item yet. Use the authority panel and original source material below first.

Why It Matters for Texas Credit Unions

No Texas-specific rationale is attached to this item yet. Review the source material directly to assess local impact.

Who this most likely affects

Source-first review: No institution-specific guidance is supportable from the current site analysis.

Use the original source material to decide whether this item fits your institution, products, and operating model.

This is site guidance, not a formal determination. Federal Register - Credit Unions and the original source material remain the governing reference.

Private Follow-Up

Save this for follow-up.

Sign in to keep a private note, target date, or reminder for this item.

Sign in to save this item Create account

Original Source Material

The NCUA Board (Board) proposes to amend the associational common bond provisions of its chartering and field of membership (FOM) rules. The proposed FOM amendment would clarify that requiring the purchase of a product or service as a condition of membership no longer automatically bars eligibility as a recognized association. The Board does not believe such an automatic bar is required under the Federal Credit Union (FCU) Act, and a client-customer relationship as a condition of membership may still be incidental in a manner that permits an evaluation of the group's activities and overall circumstances.