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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/department/NATIONAL_CREDIT_UNION_ADMINISTRATION/2008-06-17/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Wed, Jan 7 2009 11:00:00 GMT</pubDate>
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  <title><![CDATA[
Organization and Operations of Federal Credit Unions ]]></title>
  <link>http://thefederalregister.com/d.p/2008-06-17-E8-12946</link>
  <description><![CDATA[ NCUA seeks public comment on four proposals to modify its 
Chartering and Field of Membership Manual to update and clarify the 
process of approving credit union service to ``underserved areas.'' The 
first proposal clarifies the procedure for establishing that an 
``underserved area'' qualifies as a local community. The second 
addresses the application of the economic distress criteria that 
determine whether an area combining multiple geographic units is 
sufficiently ``distressed'' to qualify as ``underserved.'' The third 
would update the documentation and clarify the scope requirements for 
demonstrating that a proposed area has ``significant unmet needs'' for 
loans and applicable financial services. The final proposal recognizes 
that meaningful data from NCUA and the federal banking agencies will be 
available to assess whether an area is ``underserved by other 
depository institutions.''
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  <guid>http://thefederalregister.com/d.p/2008-06-17-E8-12946</guid>
  <pubDate>Tue, Jun 17 2008 11:00:00 GMT</pubDate>
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