Expansion To Add A Separate Community Group

If a community credit union wants to include in its field of membership a separate community, it must make application to the Commissioner to amend its bylaws in accordance with T.C.A.§§ 45-4-102(b) and 45-4-1003(e). The application must be submitted to the Commissioner in duplicate and must include the information as required by 0180-29-.10. The approval of a credit union’s application for inclusion of a separate community group in its field of membership will not preclude approval of another credit union’s application to include the same or a portion of the same community group in its field of membership as community chartered credit unions are not entitled to any overlap protection.