NCUA FOM – Is it correct to say that a community federal credit union can serve a CBSA, an adjacent area (assuming there is appropriate interaction between the communities), and an area designated as rural?

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Q:  Is it correct to say that a community federal credit union can serve a CBSA, an adjacent area (assuming there is appropriate interaction between the communities), and an area designated as rural?
 
A:  No.  A federal credit union cannot submit a request to serve a community that includes both a well-defined local community and a rural district.  A community area can consist of either a “well-defined local community” or a “rural district.”  However, an adjacent area can be added to a Core-Based Statistical Area if it qualifies as a well-defined local community supported by a narrative evidencing interaction or common interests. 
 
 
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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