Vermont Statutes Title 8. Banking and Insurance, § 31401. Field of membership

(A) a single common bond membership;

(B) a multiple common bond membership;

(C) persons or organizations within one or more well-defined communities, neighborhoods, municipalities, or counties; or

(D) any combination of subdivisions (A), (B), or (C).

(A) members of the immediate family or household of all members of the credit union included under subdivision (1)(A), (B), (C), or (D) of this subsection;

(B) organizers and employees of such credit union;

(C) the surviving spouse or party to a civil union of a deceased member of such credit union; and

(D) notwithstanding any change in employment, occupation, residence, or other condition initially controlling the eligibility for membership in any credit union, any person properly admitted to membership in a credit union who may continue membership during such person's lifetime.

(A) the credit union has not engaged in any material unsafe or unsound practice during the one-year period preceding the date on which the proposed amendment is filed with the Commissioner;

(B) the credit union maintains its net worth in accordance with subchapter 5 of this chapter; and

(C) the credit union has the administrative capability to serve the proposed membership group and the financial resources to meet the need for additional staff and assets to serve the new membership group.