Membership
Membership of the Federation shall be open to :

(a) Urban Cooperative Banks and Urban Credit Societies

(b) The State Federations / Associations of Urban Banks and / or Credit Societies

(c) National Cooperative Union of India

(d) Any other organization useful for the furtherance of the objects of the Federation, with the approval of the Central Registrar of Cooperative Societies.

No individual shall be eligible for membership of the Federation, in terms of section 25(2) of the Multi State Cooperative Societies Act, 2002, as the Federation is a national cooperative society.

Procedure for obtaining membership of Federation
The application for membership shall be submitted in prescribed form and accompanied by following documents:

(a) an attested copy of the bye-laws of the society;

(b) an attested copy of the Resolution passed by the competent body of the society, deciding to obtain membership of the Federation;

(c) a copy of latest annual report / audit report of the society;

(d) an attested copy of registration of the society;

(e) a bank draft towards admission fee as prescribed;

(f) a bank draft towards annual subscription as prescribed.

Admission Fee
All institutions desirous of obtaining the membership of the Federation shall pay an admission fee of Rs.800/- at the time of enrolment which shall form an income of the Federation.

Annual Subscription
Members shall pay annual subscription as prescribed by the Board of Directors of the NAFCUB from time to time.

The annual subscription from members shall fall due at the commencement of each accounting year i.e. on the 1st day of April every year and shall be payable on or before 1st July of the year.