Rep. Gwen Moore Announces Field-of-membership Legislation
Rep. Gwen Moore announces field-of-membership legislation
Rep. Gwen Moore (D-WI) announced that she will co-sponsor a bill that “enables credit unions to expand their field-of-membership to anyone that belongs to a needy poor community.”
Moore’s remarks came during the third day of the National Association of Federally-Insured Credit Unions’ annual Congressional Caucus. NAFCU has pushed the issue out of a belief that many federally chartered CUs are converting to state charters because their states offer more progressive FOM options for credit unions.
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