Chartering and Field of Membership-Shared Facility Requirements

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. National Credit Union Administration 12 CFR Part 701 RIN 3133-AF23 AGENCY: National Credit Union Administration (NCUA). ACTION: Proposed rule. SUMMARY: The NCUA Board (Board) proposes to amend its chartering and field of membership (“FOM”) rules to modernize requirements related to service facilities for multiple common bond (“MCB”) federal credit unions (“FCUs”). The Board is proposing to include any shared branch, shared ATM, or shared electronic facility in the definition of “service facility” for an FCU that participates in a shared branching network. The FCU need not be an owner of the shared branch network for the shared branch or shared ATM to be a service facility. These changes would apply to the definition of service facility both for additions of select groups to MCB FCUs and for expansions into underserved areas. DATES: Comments must be received on or before February 10, 2021. ADDRESSES: You may submit written comments, identified by RIN 3133-AF23, by any of the following methods (Please send comments by one method only): Federal eRulemaking Portal: http://www.regulations.gov . Follow the instructions for submitting comments. Fax: (703) 518-6319. Include “[Your Name]—Comments on Proposed Rule: Field of Membership—Shared Facility Requirements” in the transmittal. Mail: Address to Melane Conyers-Ausbrooks, Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria…