Can we use CFPB-designated underserved areas to meet the facility test?

Share (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)

Open/Close Share Panel

Email Pinterest (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).)

Yes. A CFPB-designated "underserved county" can be used in lieu of the Depository Institutions Test. Also, NCUA will consider alternative methods a federal credit union can rely on to determine whether a proposed area is underserved by other financial institutions, provided the analysis relies on NCUA or another federal banking agency's data. Underserved, multiple common bond, depository institution test, concentration of facility ratio, state chartered credit union, CFPB, underserved county, in lieu of