Only registered credit unions/community banks can have members/customers.

 Aspiring credit unions/community banks can only have people who have pledged to become members if the credit union gets registered. 

Membership pledge form is the document to capture the details of the people who are willing to become members after we get registered. 

Membership pledge form is used as evidence that the credit union is needed and that it will be sustainable.

The more pledged members we have, the higher our chances of being registered and authorised.