Horizon FCU Gets Rural District FOM Expansion "Credit News 24"
The National Credit Union Administration recently approved an expansion in the field of membership (FOM) of Horizon Federal Credit Union (Williamsport, PA).The credit union in 2011 converted to a community charter serving Lycoming and Clinton Counties in Pennsylvania.
The credit union added 9 additional counties to its existing community charter in July 2018.
Today, Horizon FCU can serve persons who live, work, worship, or attend school in, and businesses and other legal entities in the rural district of Bradford, Centre, Clinton, Columbia, Lycoming, Montour, Northumberland, Potter, Sullivan, Tioga, or Union Counties. The potential increase in membership for the credit union is 666,077.
But the only way Horizon could add these 9 counties to Horizon's existing FOM was by using the rural district.
However, this region appears to be rural in name only.
Eight of the 11 counties belong to seven different core bases statistical areas. The region includes three distinct metropolitan statistical areas and four micropolitan statistical areas.
Only three counties are not part of a core based statistical area -- Potter, Sullivan, and Tioga.
Five counties have population densities in excess of 100 persons per square mile.
According to the U.S. Census Bureau, almost 54 percent of the people in this so-called rural district live in urbanized areas or urban clusters.
Six of the counties have a majority of their residents residing in urban areas and clusters.
It appears that the agency has disregarded information that would have suggested that this region is not a rural district.
Once again, the agency has abused its discretion in designating this region as a rural district.
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