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§ 30.51. Field of Membership: Common Bond.

10 CA ADC § 30.51Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 30. Credit Unions
Article 1. General Provisions
10 CCR § 30.51
§ 30.51. Field of Membership: Common Bond.
The field of membership of a credit union shall consist of groups of persons with a common bond beyond obtaining financial services from the credit union. There are three basic forms of groups eligible for membership in a credit union: groups based upon a common bond of occupation; groups based upon a common bond of association; and, groups within a well-defined neighborhood, community, or rural district. A credit union may serve multiple groups from one or more of the three types of groups discussed above.

Credits

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14155 and 15451, Financial Code.
History
1. New section filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 30.51, 10 CA ADC § 30.51
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