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updated 02/01/16 01:39 PM
New 'Members in the News' Posted

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From the Editors of CU Weekly

updated 02/12/16 01:37 PM
Field of Membership (FOM) Rule
As reported in the California and Nevada Credit Union League's Advocacy Blog, U.S. Senator Barbara Boxer (D-CA) submitted her support letter to the NCUA in favor of the field of membership rule. Boxer's letter comes as 6 Members of the California Congressional Delegation have also submitted letters of support.

The League has been working with Senator Boxer and the entire Congressional delegation to ensure the rule is adequately supported by Congress. Boxer's letter praises the NCUA for working with the instructions provided under the Federal Credit Union Act to modernize the credit union charter. To-date, the NCUA has received support letters from only Members of Congress from the California and Nevada delegations. This issue, among others will be a part of the Governmental Affairs Conference (GAC) which begins in just under a week in Washington D.C.

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