Texas Regulator Likely To Ratify FOM Rules

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The state CU Commission is expected to adopt NCUA's new trade-wide, industry-wide and profession-wide field of membership allowances when it votes next month on a variety of FOM reforms.

The Commission will vote on a parity measure that will adopt its own new FOM guidelines based on the ones voted by NCUA for federal charters in May. That includes the so-called TIP (trade, industry, professional) charter.

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