Maximizing the New Field of Membership Rules & Charter Considerations

On-Demand Webinar:
StreamedApr 27, 2022Duration90 minutes
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Membership is the lifeblood of every credit union.

Determining your field of membership (FOM) is foundational – but also subject to change.  Recently, the NCUA revised the FOM rules to provide more opportunity to expand membership.  A complete understanding of the rule changes is essential for leadership… as is an understanding of the state and federal charter options.  If your CU is thinking about expanding its horizons, this enlightening program will be highly beneficial.

  • Understand the revised NCUA field of membership rules
  • Breakdown credit union charter options
  • Take advantage of improved community charter opportunities
  • Appreciate innovative field of membership options
  • Analyze a potential charter conversion
  • Maneuver through regulatory requirements and resources


Credit unions operate in a very exclusive environment because they can only lend to members, and the field of membership (FOM) rules control who is eligible to join.  A good way to increase the bottom line is to expand the FOM, but you can’t maximize the possibilities without a thorough understanding of the options.  Fortunately, recent changes in the NCUA FOM rules allow for greater opportunity in the identification and enrollment of new members.  This session will review the revised rules with an emphasis on all the available expansion possibilities.  From increasing the number of select employee groups, to adding associations and expanding your community, to exploring merger opportunities; this informative session will address it all.

In addition, the credit union industry is fortunate to have the advantage of a dual chartering system – either state or federal.  The dual chartering system provides a choice for credit unions based on taxation, available powers, geographic concerns, accessibility of regulators, and regulatory philosophy.  A CU considering a charter conversion must understand the potential benefits, as well as any potential limitations imposed by the new regulators and regulations.  Don’t miss this opportunity for a detailed, practical review of the new field of membership rules and charter conversion options.


This informative session is designed for directors, senior executives, compliance staff, lending staff, business development staff, marketing personnel, membership officers, and anyone involved with credit union membership and growth.


  • NCUA field of membership checklist
  • Charter conversion worksheet
  • Regulatory resources
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presented By

David A. ReedDavid A. Reed
Reed & Jolly, PLLC