Application for a Change in Field of Membership - Kansas

Application for a Change in Field of Membership is a legal document that was released by the Kansas Department of Credit Unions - a government authority operating within Kansas.

FAQ

Q: What is a field of membership?
A: A field of membership is the group of individuals or organizations that are eligible to join a particular credit union.

Q: Why would someone want to change the field of membership for a credit union?
A: There are various reasons why a credit union may want to change its field of membership, such as expanding its services to a new geographic area or adding new groups of eligible members.

Q: What is the process for changing the field of membership for a credit union in Kansas?
A: The process for changing the field of membership for a credit union in Kansas involves submitting an application to the Kansas Department of Credit Unions and obtaining approval.

Q: Who can apply for a change in field of membership for a credit union in Kansas?
A: Any credit union that is chartered in Kansas can apply for a change in field of membership.

Q: Is there a fee for applying for a change in field of membership for a credit union in Kansas?
A: Yes, there is a fee associated with applying for a change in field of membership for a credit union in Kansas. The specific fee amount can vary.

Q: How long does it take to get approval for a change in field of membership for a credit union in Kansas?
A: The time it takes to get approval for a change in field of membership for a credit union in Kansas can vary, but it typically takes several weeks to months.

Q: Is there a deadline for submitting an application for a change in field of membership for a credit union in Kansas?
A: There is no specific deadline for submitting an application for a change in field of membership for a credit union in Kansas.

Q: Are there any restrictions on the types of groups that can be added to a credit union's field of membership in Kansas?
A: There are certain restrictions on the types of groups that can be added to a credit union's field of membership in Kansas. These restrictions are outlined in state and federal laws and regulations.

Q: Can a credit union in Kansas change its field of membership multiple times?
A: Yes, a credit union in Kansas can change its field of membership multiple times, as long as it follows the necessary application and approval process each time.