NCUA FOM – Is NCUA looking to increase the 2.5 million population cap? If so, what might the timeline look like?

Compliance > NCUA
Q:  Is NCUA looking to increase the 2.5 million population cap?  If so, what might the timeline look like?
 
A:  On November 9, 2016, the NCUA Board published in the Federal Register a proposed rule to increase the population limit up to 10 million and also requested comment on whether there should be a population limit at all.  The comment period ended on December 9, 2016, and the NCUA is currently reviewing the comments.  https://www.federalregister.gov/documents/2016/11/09/2016-26921/chartering-and-field-of-membership-manual
     
 
 
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
 

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