NCUA released a video Monday aimed at educating executives about field of membership options available for federal credit unions.
The 7.5-minute video, "Strive to Thrive and Serve," includes an overview of membership designations and requirements. It also provides suggestions for assessing how a FOM change could fit within a CU's strategic plan.
"A strong membership base is ultimately the cornerstone of a credit union's success," said Debbie Matz, NCUA's chairman, in a press release. "I encourage credit unions to take full advantage of the resources we have made available to help them increase membership penetration and growth."
The video is available on the NCUA's YouTube channel.