We merged with a state chartered community CU several years ago that included …of Chicago. I am not sure of the current population, but since the state approved the community can we add the community to our federal charter?

Compliance > NCUA
Q:  We merged with a state chartered community credit union several years ago that included the south and southwest suburbs of Chicago.  I am not sure of the current population, but since the state approved the community can we add the community to our federal charter? 
 
A:  No.  State field of membership rules often differ from NCUA’s rules.  Therefore, you cannot use the community portion of the field of membership of a state-chartered credit union to support an application for a federal field of membership.  As a multiple common bond credit union, your ability to serve a community is limited to adding an underserved area or converting to a community chartered credit union.      
 
 
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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