Q: We are a $10 million community chartered credit union that serves 2 counties for members that live, work, worship, or attend school in our geographic area. Can we accept new members who regularly shop in these 2 counties?
A: No. Our community field of membership rules do not permit those who shop in a community to qualify for credit union membership. However, if a federal credit union’s community wording contains “or regularly conduct business in” this language pertains to persons with regular ties to an area based on their employment and they therefore would be eligible for membership.