DADE COUNTY FCU CASE STUDY
Learn how CUCollaborate helped Dade County FCU grow their FOM by 1.95 million people.
Download our case study on Dade County FCU's field of membership expansion via the open hearing process.
Dade County FCU would regularly receive membership requests from neighboring Broward County, where many of its own members had moved over the years as the South Florida community grew and evolved.
However, due to chartering population regulations, to add Broward County to its FOM, the credit union would have to go through the NCUA's open hearing process, which had never before been attempted.
Step one: The submission of an application for expansion with a narrative justification to prove Miami-Dade and Broward counties shared sufficient common interest and interaction to support a common bond.
Step two: An open hearing before the NCUA's CURE office in which the credit union and any interested parties were invited to present information regarding the requested service area.
Dade County FCU ultimately was approved to add Broward County to its service area, increasing its field of membership by 1.95 million people.
