• Malls – If a shopping mall signs on as a SEG, are all of their tenants included? And would tenant employees qualify too?

  A multiple common bond credit union's charter may also combine individual occupational groups that each consist of employees of a retailer or other business tenant of an industrial park, a shopping mall, office park or office building (each ''a park''). To be able to have this type of clause in its charter, the multiple common bond credit union first must receive a request from an authorized representative of the group or the park to establish credit union service. The park must be within the muFew readers

• Streamline process of adding SEGs to FOM Rules

  Introduction This guide provides the process for credit unions and their Select Employee Groups (SEGs) to add SEGs to their Field of Membership (FOM) rules. Ensuring a streamlined experience and adherence to compliance standards of the NCUA Step 1: Submitting the SEG Application Begin the process with the digital SEG application, which can be initiated by either the SEG directly or by the credit union on behalf of the SEG via the link on the CUCollaborate software. OrganizatFew readers

• Where do potential SEGS have to be headquartered to add them?

  Select Groups, whether occupational (employers) or associational, have to be within the service area (typically 25-30 miles) of a qualifying service facility that your credit union has an ownership interest in. If you have an ownership interest in CO-OP or another shared branch or ATM network you can actually use that network's locations to meet the service facility qualification.Few readers