Cal. Code Regs. tit. 10 § 30.51

Current through Register 2024 Notice Reg. No. 44, November 1, 2024

Section 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.

Cal. Code Regs. Tit. 10, § 30.51

1. New section filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14155 and 15451, Financial Code.

1. New section filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).