Archive Recording: Why FOM Still Matters - A Q&A Analysis of FOM Policy for 2015 and Beyond

NCUA announced at the end of 2014 the formation of a Field of Membership (FOM) Task Force charged with the responsibility of reviewing the agency’s current FOM and Chartering Policy. This was welcomed news by many because, regardless of charter type, FOM policy still matters for every credit union in America that wants to grow. After all, new income requires new loans which require new accounts which require new members which require more eligible members which require more field of membership opportunity. The daisy chain of credit union financial success begins with field of membership.

While time will tell whether any substantive recommendations and changes will result from this newly created task force, at first glance its establishment has the appearance of being a positive step in the right direction. Or at least it is the opportunity for the agency to move toward meaningful FOM modernization and for the credit union industry to have an avenue through which to weigh in as to needed changes in FOM policy.

As leading experts in credit union field of membership, former NCUA Chairman Dennis Dollar and former NCUA Chief of Staff Kirk Cuevas will walk attendees through the field of membership diversification options available to credit unions in the current environment, while also identifying areas of suggested improvement on the current rules that NCUA could implement as part of its review process.

Don’t miss out on the discussion and insights that this challenging and enlightening presentation will provide. This presentation will give any strategic minded credit union leaders the tools necessary to evaluate and respond to recent changes to the NCUA field of membership manual and analyze the true impact of potential changes on the credit union's goals.

Webinar Title: Why FOM Still Matters - A Q&A Analysis of FOM Policy for 2015 and Beyond

Date: Thursday, March 26, 2015

Time: 3:00-4:15 p.m. EDT

Price: $ 95.00