18-EF-10: NCUA - Chartering and Field of Membership

On June 28, 2018, the NCUA published a final rule in the Federal Register which gives community charter applicants the option of submitting narrative documentation to establish common interests or interaction among residents to demonstrate that a proposed area qualifies as a well-defined local community (WDLC). In addition, the final rule provides that the NCUA will hold a public hearing for narrative applications where the proposed community exceeds a population of 2.5 million people.

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