News Feed

The FOM Rule Change and How it Will Impact Your Credit Union

Mon, Nov 28, 2016

Columbia, Maryland

The NCUA recently approved the new FOM rule, so what does it mean to your Credit Union? Join John Bratsakis, President/CEO of the MD|DC Credit Union Association, Glen Cooney, Advocacy and Legislative Affairs, and John McKechnie, Senior Partner, Total Spectrum to discuss how the new FOM rule change will affect your Credit Union and help you better serve your membership.  The new rule becomes effective within 60 days after publication in the Federal Register which is expected this week.

The FOM roundtable and discussion will be held:

Thursday, December 1, 2016
9:00 – 10:30 a.m.  (breakfast provided)
MD|DC Credit Union Association
8975 Guilford Rd., Suite 190
Columbia, MD 21046

The in-person meeting will review:

  • Allowing greater flexibility to community charter credit unions in how they define the local communities they serve;
  • Providing credit unions with better opportunities to serve underserved areas by updating the process for defining those areas;
  • Enhancing access to CU services for residents of rural areas by allowing rural district CUs to serve up to 1 million people;
  • Streamlining paperwork for multiple common-bond CUs that seek to serve additional groups, including independent contractors with a strong dependency relationship with an employee group; and
  • Expanding CU access for honorably discharged members of the armed services by allowing them to join credit unions serving their active-duty counterparts

Registration is required. CLICK HERE TO REGISTER