Jan 01 1991

Field of Membership: An Evolving Concept


Burger and Dacin examine the evolution of the common bond and field of membership concepts within the credit union movement. It describes the origination of the concepts of common bond and field of membership in the early years of the credit union movement, the effect of the Federal Credit Union Act on these concepts, and how dramatic changes in the financial system altered the original narrow definition of these concepts in the 1970s and early 1980s.

The researchers analyze how changing social and economic conditions altered what was “economically feasible,” thus dictating the need for new types of common bonds or combinations of groups with diverse common bonds into one field of membership. The monograph also discusses the major NCUA changes in field of membership provisions in the early 1980s and their effects on credit unions.

Report Number 1