Once Section 705 Federal Credit Union has received the completed partner application, the process is simple and fairly quick. Your submission will be reviewed by the Board of Directors at its next scheduled meeting. Board meetings are normally held the third Wednesday of each month.
If the Board of Directors votes in favor of your application, your request will be sent to the National Credit Union Administration (NCUA) for approval. NCUA normally responds to requests within four to six weeks. Upon receiving a positive confirmation from the NCUA, we will notify you that your group is immediately eligible to become members of Section 705 Federal Credit Union.
Posted in: Steps to Become a Partner