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Credit unions get tax advantages and have to allow only members of a defined group to...

Credit unions get tax advantages and have to allow only members of a defined group to join. Over time this "common bond" has become quite broad.
Do you think that credit unions should be required to have a narrower common bond, any common bond, or should they allow all members? Or should they not get a separate classification at all?
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Credit unions are cooperative financial institutions regulated and insured, fullfills the basic saving, credit, and other financial needs of selected groups of consumers. Credit unions have higher participation rates, those have credit unions with multiple common bonds. The credit-union member shares a common bond to be eligible for membership.

Credit union members must be united by a common bond of occupation or association.

Credit unions has a field of membership requirements.

The board of directors for credit unions is elected by the members and each member has an equal vote.

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