Amending Single Occupational Fields of Membership

There are a number of instances in which single occupational federal credit unions must amend their field of membership.

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Trade, Industry, or Profession Charter Overview

A common bond based on employment in a trade, industry, or profession can include employment at any number of corporations or other legal entities that -- while not under common ownership -- have a common bond by virtue of ...

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Multiple Common Bond Charter Overview

A federal credit union may be chartered to serve a combination of distinct, definable single occupational and/or associational common bonds. This type of credit union is called a multiple common bond credit union. Each group in ...

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Associational Common Bond Overview

A single associational federal credit union may include in its field of membership, regardless of location, all members and employees of a recognized association. A single associational common bond consists of individuals ...

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Community Charter Overview

Community charters must be based on a single, geographically well-defined local community, neighborhood, or rural district where individuals have common interests and/or interact. More than one credit union may serve the same ...

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