NCUA Form 4015-EZ Application for Field of Membership Amendment

What Is NCUA Form 4015-EZ?

This is a legal form that was released by the National Credit Union Administration and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is NCUA Form 4015-EZ?A: NCUA Form 4015-EZ is the application used for a Field of Membership (FOM) amendment for credit unions.

Q: What is a Field of Membership amendment?A: A Field of Membership amendment is a change to the criteria that determines who is eligible to become a member of a credit union.

Q: Who uses NCUA Form 4015-EZ?A: Credit unions use NCUA Form 4015-EZ to apply for a Field of Membership amendment.

Q: What information is required on NCUA Form 4015-EZ?A: The form requires information about the credit union's current Field of Membership, the proposed amendment, and supporting documentation.

Q: Are there any fees associated with filing NCUA Form 4015-EZ?A: Yes, there may be fees associated with filing NCUA Form 4015-EZ. The specific fees will be outlined by the NCUA.

Q: How long does it take to process a Field of Membership amendment?A: The processing time for a Field of Membership amendment can vary, but it typically takes several months for the NCUA to review and approve the application.

Q: Can a credit union have multiple Field of Membership amendments?A: Yes, a credit union can have multiple Field of Membership amendments over time as its eligibility criteria change.

Q: What happens if a Field of Membership amendment is denied?A: If a Field of Membership amendment is denied, the credit union can request reconsideration or submit a new application with an amended proposal.

Q: Can individual members of a credit union request a Field of Membership amendment?A: No, individual members cannot request a Field of Membership amendment. Only the credit union itself can apply for the amendment.