CUNA Regulatory Comment Call


November 22, 2002

NATIONAL CREDIT UNION ADMINISTRATION PROPOSES FIELD OF MEMBERSHIP POLICY CHANGES FOR FEDERAL CREDIT UNIONS


(Major Rule for Federal Credit Unions)

EXECUTIVE SUMMARY

Highlights of the Proposed Change

Overlapping Fields of Membership

Branching Around Service Facilities For Select Group Expansions

Associational Common Bond

Occupational Common Bond – Trade, Industry or Profession

Further Improvements to Expedite Select Group Expansions of Less than 3000

Community Charters – Definition of a Local Community

Common Bond Conversions

Charter Conversions

Appeal Process Revisions

Miscellaneous Clarifications To Other Regulations– Proposed Rules

Questions to Consider

If you have any questions about this revised proposal, please contact Associate General Counsel Mary Dunn (mdunn@cuna.com) by e-mail or by phone at 1-800-356-9655.

Eric Richard • General Counsel • (202) 508-6742 • erichard@cuna.com
Mary Mitchell Dunn • SVP & Associate General Counsel • (202) 508-6736 • mdunn@cuna.com
Jeffrey Bloch • Assistant General Counsel • (202) 508-6732 • jbloch@cuna.com
Catherine Orr • Senior Regulatory Counsel • (202) 508-6743 • corr@cuna.com