What if an underserved area doesn't pass the Depository Institution test because the only facility belongs to the credit union that is requesting the area? The credit union is required to have a facility within the area, but is disqualifying itself.

To address situations like this, the new rule now provides two alternative methods, as outlined below.  CFPB-designated “underserved county,” and · An analysis that relies on NCUA or another federal banking agency’s data to reflect the proposed area is underserved by other financial institutions Underserved, multiple common bond, depository institution test, concentration of facility ratio, service facility, CFPB, underserved county,