InfoSight Highlight: Field of Membership
Friday, April 6, 2018 8:35 AM

Field of membership (FOM) is something that sets credit unions apart from other financial institutions and defines the person, including organizations and other legal entities, a credit union is permitted to accept for membership.  Generally, credit unions can only offer services to persons within the FOM who have actually become members of the credit union.  The credit union’s charter and bylaws will identify who is eligible for membership within your credit union.

Be sure you are kept up-to-date with the information in the Field of Membership channel today!