ICBA Issues Summary on Field-of-Membership Proposal

Nov 14, 2019

ICBA released a summary of the National Credit Union Administration's proposed rule on field-of-membership regulations. The summary is available on ICBA's "Wake Up" resource center.

The proposal would amend the agency’s field-of-membership regulations to implement an August 2019 federal appeals court opinion. The court found that a provision of the rule could have a discriminatory impact on lower-income and minority residents and permitted the NCUA to issue the updated proposal to address its concerns.