NCUA FOM – Can a SEG based CU request a community area, like a county through the core area expansion?

Compliance > NCUA
Q:  Can a SEG based CU request a community area, like a county through the core area expansion?   
 
A:  No.  However, as a multiple common bond credit union, you can add an area as underserved if it meets all of the qualifications for being and underserved area.  See Section III, Chapter 3 of NCUA’s Chartering and Field of Membership Manual.
 
 
 
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
 

Add Feedback