NCUA FOM – Would a contractor be a “security company” that works for a SEG that produces steel?

Compliance > NCUA
Q:  Would a contractor be a “security company” that works for a SEG that produces steel?
 
A:  Yes, if the security company is under contract with your SEG and it meets the definition of possessing a “strong dependency relationship” with that SEG.      
 
 
 
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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