A credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of providing financial services to its members.
We are NOT a credit union yet so we cannot accept you as a member of the Network Marketing Federal Credit Union* (nemaFCU). However, in order to become a credit union we must demonstrate that we are economically viable. One of the key components necessary to obtain regulatory approval for a credit union charter is the right number of members.
| A. |
Enough members before starting to be able to create an economically viable entity
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| B. |
A large number of possible members which would allow for growth and long term stability |
| C. |
Not too many members to start with. Otherwise, they cannot be reasonably serviced. |
Since the Network Marketing Industry consists of more than 35 million full and part time Distributors, we have concluded that we need to demonstrate that we can start with a membership of at least 1/3 of one percent or about 110,000 interested potential members to be able to create an economically viable credit union.
What we are asking you to do is to pledge to become a member. It is absolutely FREE. Your information will NOT be disclosed to anyone. We will compile statistical data which will be presented as part of our application to the regulators in order to demonstrate our economic viability and obtain the Network Marketing Federal Credit Union* charter.
Required fields are marked with an asterisk (*)
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