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Park Community CU

Park Community CU features NASCAR driver Ben Rhodes in this auto loan spot. 

ALEXANDRIA, Va.—The NCUA board Thursday voted 2-0 to approve a final rule that further expands the agency’s field of membership rule, bringing back the narrative approach as an option to establish a well-defined local community—an approach allowed by NCUA prior to 2010.

NCUA Voluntary Mergers Final Rule

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Rule approved, 2-0, at June 21 open NCUA board meeting

NCUA Chartering and Field of Membership Rule

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Approved 2-0 at NCUA's June 21 open board meeting

WASHINGTON – NCUA’s new field of membership rule, approved today by a 2-0 vote from the agency’s board, received support from NAFCU and CUNA.

WASHINGTON—The Federal Housing Finance Agency (FHFA) should review all of its existing regulations for potential improvements, including streamlining existing regulations, as part of its five-year regulatory review process, both NAFCU and CUNA have told the agency.