Skip to main content
United States flag An official website of the United States government

Community Charter Conversions and Expansions

11-FCU-03 / March 2011
Community Charter Conversions and Expansions
All Federal Credit Unions
Chartering/Field of Membership
All Federal Credit Unions
Community Charter Conversions and Expansions
Dear Board of Directors:

On June 17, 2010, the National Credit Union Administration Board adopted Interpretative Ruling and Policy Statement 10-1 (IRPS 10-1) to amend the agency’s chartering policies. IRPS 10-1 became effective on July 26, 2010. Among other changes, IRPS 10-1 clarifies the requirements credit union officials must follow to either convert to a community charter or expand the boundaries of an existing community charter. Most notably, IRPS 10-1:


  • Makes the process for identifying areas qualifying as local communities
  • Defines the term rural district; and
  • Clarifies the agency’s expectations regarding the business and marketing
    plan credit union officials must develop to support serving a community.

To help minimize the burden associated with applying to serve a community1, we are providing a template business and marketing plan for your use. When submitting an application to serve a local community or rural district through either a conversion or an expansion, we encourage you to use the attached template as a basis for developing your business and marketing plans.

IRPS 10-1 in its entirety is available at the following link on our Internet site:

If you have any questions regarding the requirements for serving a local community, please contact your Regional Office or our Office of Consumer Protection’s Division of Consumer Access.

Debbie Matz


1 Including requests to serve a rural district.


Last modified on