News Snippets - November 2019

NCUA Board Meeting.  During its October meeting, the National Credit Union Administration (NCUA) Board approved: 1) a proposed rule on chartering and field of membership (FOM) that amends the chartering manual to provide a community credit union with greater flexibility to include certain geographic areas to its FOM; and 2)  a final rule on public units and nonmember shares, adopted largely as proposed, that would amend the agency’s regulations to permit a credit union to receive public unit and nonmember shares up to 50 percent of its net paid-in and unimpaired capital and surplus less any public unit and nonmember shares.

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