Multiple common bond federal credit unions (FCUs) that want to add underserved areas to their fields of membership no longer need to list each area’s street boundaries but instead should list census tracts and the years they were in effect, the federal credit union regulator said Thursday.
“The agency recognizes technical advances that make it easier for credit unions to geocode addresses for potential members,” the National Credit Union Administration (NCUA) said in an “express” announcement.
Any questions, it added, should be directed to the NCUA Office of Credit Union Resources and Expansion, which can be reached by phone at 703-518-1150 or email to dcamail@ncua.gov.