§ 30.51. Field of Membership: Common Bond.
10 CA ADC § 30.51Barclays Official California Code of Regulations
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 8/30/24 Register 2024, No. 35.
Cal. Admin. Code tit. 10, § 30.51, 10 CA ADC § 30.51
End of Document |