Chapter 2 Part III: To qualify as an "Association"

NCUA will consider the totality of the circumstances, which includes: • Whether members pay dues; • Whether members participate in the furtherance of the goals of the association; • Whether the members have voting rights. To meet this requirement, members need not vote directly for an officer, but may vote for a delegate who in turn represents the members’ interests; • Whether the association maintains a membership list; • Whether the association sponsors other activities; • The association's membership eligibility requirements; and • The frequency of meetings. A support group whose members are continually changing or whose duration is temporary may not meet the single associational common bond criteria. Each class of member will be evaluated based on the totality of the circumstances. Individuals or honorary members who only make donations to the association are not eligible to join the credit union.

Homeowner associations, tenant groups, consumer groups, and other groups of persons having an “interest in” a particular cause and certain consumer cooperatives may also qualify as an association.