NCUA FOM – Is there a population limit for credit unions looking to serve a single political jurisdiction? For example, if we want to add an additional county to the two counties we are already serving.

Compliance > NCUA
Q:  Is there a population limit for credit unions looking to serve a single political jurisdiction?  For example, if we want to add an additional county to the two counties we are already serving.   
 
A:  There is no population limit for a single political jurisdiction.  However, a single political jurisdiction can be no larger than one county or its political equivalent.  Therefore, if your credit union is currently serving two counties, the rules for a single political jurisdiction would not apply, because you are serving multiple political jurisdictions.  As such, the 2.5 million population limit applies to any expansion you may request. 
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s website, Chartering and Field of Membership Resources page -    https://www.ncua.gov/services/Pages/field-of-membership-chartering.aspx
 

Add Feedback