Finance & markets · 22/03/1996Updated: 10/18/2026 · 1 min read

NCUA Updates Federal Credit Union Field of Membership and Chartering Policy

The NCUA Board is updating its field of membership policies, requiring senior citizen and retiree groups to meet the same conditions as other associational groups to qualify for a federal credit union charter or addition to an existing charter through a field of membership amendment, and issuing five amendments to clarify operational issues related to mergers, expansion procedures, documentation requirements, survey support, and appeal procedures.