Field of membership

If taxation is the future of our movement, it should be directed at large, bank-like credit unions in order to protect smaller institutions that have stayed true to our founding spirit.

The $269 million credit union will now serve York County in addition to Cumberland County

There are a host of new growth opportunities for credit unions in the year ahead, but CUs must be proactive if they hope to mkae the most of them.

Credit unions are still learning how to make the most of the agency’s modernization of the field of membership regulations. Here’s what you need to know.

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

A decision by New York's Department of Financial Services will allow students, faculty and others who join at in-school branches to continue as members even after they leave the school.

A recent change raises geographic FOM potential by 50 percent, which could help CUs in some of Britain’s most heavily populated areas.

California State & Federal Employees Credit Union was approved to expand its FOM to Humboldt, Del Norte and Trinity Counties

The credit union has also added staff to better manage expanded hours beginning later this month.

Moore said the bill would allow credit unions of all charter types to add underserved areas to their fields of membership.

A recent op-ed got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field of membership rules.

A recent op-ed got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field of membership rules.

The brief supporting field of membership expansion — in the face of a lawsuit by the American Bankers Association — is a sign of continued collaboration between CUNA and NAFCU.

An alliance between State Department FCU and American Citizens Abroad seeks to lower barriers for how Americans living abroad access their money.

The ICBA has filed a supporting brief to the American Banker's Association's FOM suit against NCUA, but a rapid decision is unlikely, and the case has already dragged on longer than the bankers' MBL suit.

Post-merger, the Long Island-based Bethpage will have assets of about $7.4 billion.

Applications for the regulator's consulting services are due May 31.

The trade association's lawsuit challenging new field-of-membership rules may have the opposite effect, as more credit unions consider expansion before the litigation is resolved.

CUs will have improved opportunities to add areas, sources say, but new rules ‘not a panacea.’

SEG-based CUs could see a particularly big benefit from the rules, observers say, but community-chartered institutions and others could also see a significant boost.