Q: If company A is in our membership and they have contractors with less than 3,000 employees, can we add the contractor company to our FOM?
A: Yes. Subject to any limitations in the clause describing the group (i.e. who work in or paid from city, state). A federal credit union can now request to serve: persons who work regularly for an entity under contract whereby the entity possesses a strong dependency relationship with the group. For groups added prior to February 6, 2017, only a housekeeping amendments needs to be submitted that will apply to all groups added prior to February 6, 2017. If a group is being added after February 6, 2017, the group’s letter needs to identify its desire for credit union service for those persons working for entities under contract possessing a strong dependency relationship with them. The group’s total potential credit union member count should include all persons working for entities under contract possessing a strong dependency relation with the group.