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NCUA's Proposed "Rural District" Field of Membership

 

NCUA is still working on its “rural district” field of membership proposal. The final rule is expected to be released in February or March of this year. In late November, CUNA submitted a comment letter regarding NCUA’s proposal that would amend the definition of a “rural district” by broadening the population criteria of the “rural district” designation from its current limit of 200,000 persons, to a limit of 200,000 persons or 3 percent of the population of the state in which the majority of the district’s persons are located. CUNA believes the current limit must be raised beyond the proposed level in order to be useful to credit unions that are operating in sparsely populated states.

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