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Excerpt from Politico article below.  Not sure I understand all the changes, except they seem very favorable to credit unions, and infuriate the community banks.

The National Credit Union Administration Thursday approved a final rule that would further expand the potential for credit unions to serve a wider population of customers, in a move that is rankling community banks.
....In its final “field of membership” rule, NCUA will allow credit unions to initially apply to serve a portion of the most populated county or municipality in the geographical area it serves, rather than having to serve the entire core area from the beginning as it had suggested in the proposed version. .. The final rule offers more flexibility on geographic communities than the proposed version in several other ways; NCUA is placing a population limit of 2.5 million on the portion of a geographic area that the credit union serves, rather than on the statistical area as a whole.  Based on feedback it received on the proposed rule, NCUA also put forward another proposed rule that would expand the population cap from 2.5 million to 10 million, allowing credit unions to use a narrative to prove it constitutes a well-defined community.   ... The rule also makes several changes to the definition of rural districts and underserved areas, and expands what constitutes a “common bond.” For example, Multiple common bond federal credit unions will now be able to add people “who work regularly for an entity that is under contract to any of the multiple select employee group sponsors listed in its charter.” That qualification was currently only allowed under single common bond charters.

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