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CUCollaborate has created a variety of resources for credit unions around field of membership, charter conversions and much more. Below you will be able to learn more about our different white papers and download them. Interested in learning what other services CUCollaborate has to offer? Fill out the form on the right for more details.

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Field of Membership Handbook

We sorted through the maze of the NCUA's Chartering and Field of Membership Manual (701 Appendix B) and all the relevant forms to bring them together for you. Download our Field of Membership Handbook!

Our field of membership handbook covers:

  • federal charters
  • state charters
  • single common bonds
  • multiple common bonds
  • community charters
  • low income designation
  • mergers

Low Income Designation Handbook

Credit unions have a philosophical and legal obligation to serve all members within their field of membership. Did you know that receiving a low-income designation earns many benefits for credit unions, including expanded field of membership and capital authorities? Download our Low Income Designation Guide!

Content includes:

  • How to qualify
  • Expanded FOM authority
  • Secondary capital options
  • Member business loan exemption
  • Available loans and grants
  • Relevant regulations

State Charter to Federal Charter Checklist

It’s a big investment of time and money to convert. When a state-chartered credit union converts to a federal charter, they are treated the same as any application for a federal charter. The NCUA will perform an on-site examination as appropriate and consult with the state regulator regarding the credit unions financial condition, management expertise and past performance.

You can learn more from our conversion checklist to help you convert from a state-chartered credit union to a federal charter credit union.

Federal Charter to State Charter

Even though the NCUA recently opened up some of its field of membership options, some credit unions may still find a state charter better suited to their strategy and needs. In addition, some state credit union field of membership regulations include a parity clause that allows credit unions chartered in that state to follow the federal FOM regulations if they provide greater authority than the state regulation.

You can read more about converting from a federal charter to a state charter in our blog. We will outline it step by step for you!

Federal Community Charter to Multiple Common Bond Charter

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 the field of membership must have its own occupational or associational common bond. For example, a multiple common bond credit union may include two unrelated employers, or two unrelated associations, or a combination of two or more employers or associations. Additionally, these groups must be within reasonable geographic proximity of the credit union.

You can download our helpful conversion checklist to help you convert from a federal community charter credit union to a federal multiple common bond charter credit union.