A credit union may admit to membership those persons qualified for membership who are within its field of membership as stated in its bylaws. A credit union may amend its field of membership bylaws to add one or more occupational groups, associational groups and communities to its field of membership, as approved by the director pursuant to this chapter. The FOM groups may be located inside or outside the state.
The director may waive any provision of this chapter as the director deems appropriate to facilitate credit union service to low and moderate income persons.
In addition to the field of membership powers or authorities reflected in this chapter, a credit union has the field of membership powers and authorities granted pursuant to RCW 31.12.404
[Statutory Authority: RCW 31.12.382
, 31.12.516 (2), (4), 43.320.040. WSR 02-04-094, § 208-472-010, filed 2/5/02, effective 3/8/02; WSR 96-06-011, recodified as § 208-472-010, filed 2/23/96, effective 6/1/96. Statutory Authority: RCW 31.12.045
, [31.12].115 and [31.12].535. WSR 95-09-049, § 419-72-010, filed 4/17/95, effective 5/18/95. Statutory Authority: RCW 31.12.045
(2), 31.12.115, 31.12.516 and 31.12.535. WSR 89-24-085 (Order 89-3), § 419-72-010, filed 12/6/89, effective 1/6/90.]