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Comments Due to TCUD This Week on Proposed Changes to Field of Membership
Tuesday, April 12, 2016 7:00 AM

The TCUD has published for comment a revised proposal to update the regulations on field of membership (FOM). Please click here for a copy of the PDF file.

The new proposed FOM rule has been significantly modified from the first proposal. It takes an approach allowing geographic expansion of the local service area through political subdivisions.

A "political subdivision" means a county, municipality, special district, school district, junior college district, housing authority, or other political subdivision of this state or any other state. It also updates the rule relating to fields of membership added through Credit Union Development Districts.

Comments can be submitted to the TCUD through the end of the week at Shari.Shivers@cud.texas.gov. Please copy syashewski@cornerstonleague.coop or jhuffman@txcua.coop with copies of your comment letters. 

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.