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The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
The credit union was founded as Tektronix Federal Credit Union, formed by seven Tektronix employees on January 14, 1952. In 1961, the name was changed to Tektronix Employees Federal Credit Union to reflect the credit union's membership. From very early on, technical innovation was emphasized and reflected in First Tech's motto of "Think Forward ...
The NCUSIF is supervised by the National Credit Union Agency, an independent federal agency created in 1970. The NCUSIF has the full backing of the U.S. government in case an insured credit union ...
The city persuaded the B&O Credit Union, now the First Choice Federal Credit Union, to temporarily move into the nearby mall, the Cascade Galleria, so that the property could be bought and transformed into the Cascade Center. The credit union eventually moved out of the mall back into their own building out in neighboring Union Township.
Fairfield County Ohio Federal Employees Federal Credit Union (Lancaster, Ohio) closed and liquidated by NCUA credit union December 17, 2009: First Service Credit Union (Milwaukee, Wisconsin) Merger With NCUA Assistance credit union December 31, 2009: GCM Federal Credit Union (St. Paul, Minnesota) Merger With NCUA Assistance credit union
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[citation needed] In November 1910 the Woman's Educational and Industrial Union set up the Industrial Credit Union, modeled on the Desjardins credit unions it was the first non-faith-based community credit union serving all people in the greater Boston area. The oldest statewide credit union in the United States was established in 1913. [35]