The NCUA Board will consider, on a case by case basis, requests submitted by federal corporate credit unions for national fields of membership. Each case will be considered on its individual merits. However, at a minimum, the following documentation and information must be provided to, and reviewed by, OCCU before presenting the requests to the NCUA Board:

1. Statement of intent. The corporate must indicate the reason for the request and provide a copy of the board of directors' resolution.

2. Business plan / marketing strategy. The corporate will address its current operational condition and identify the impact the national FOM will have on present operations. Analysis as to the services the corporate proposes to offer to the targeted credit unions is to be provided through an acceptable business plan and marketing strategy.

3. Infrastructure/staff analysis. Documentation reflecting management's review of existing infrastructure and staff to handle the projected additional workload. If additional infrastructure or staff are needed, a plan and time line for acquiring them should also be provided.

4. Financial projections. The corporate will submit copies of its current financial statements and copies of all analysis as to income, expense, and share growth projections related to servicing the projected additional membership. The projections will include additional infrastructure/staff expense, if applicable.

This listing should not be considered as all inclusive. The corporate should submit any other relevant information that will support the request. Additionally, OCCU may ask for additional information after reviewing the initial documents submitted.

Once OCCU has ascertained that all necessary information has been provided, staff will review the documentation and other information to determine the following:

1. Reasonableness of the plans and projections. A review will be performed to determine that plans and projections are formulated to address the ongoing safety and soundness of the corporate, and the reasonableness of the marketing strategy plans to accomplish the stated goals of the Statement of Intent. OCCU may recommend a corporate seek a mult-state or regional FOM if its marketing strategy only targets a specific geographic area.

2. Financial impact. OCCU will review the financial projections provided by the corporate, as well as other sources of relevant financial data. The review will ascertain any potential negative impact on the corporate's financial condition and operating rations which could threaten its safety and soundness.

3. Regulatory history. OCCU will review the requesting corporate's most recent examination report, regulatory rating, and any supervisory information to determine that there are no issues of concern outstanding that could have a negative impact on the proposed FOM expansion.