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GECU is the oldest credit union formed in El Paso, Texas. [2] In 1932, eleven El Paso civil servants pooled $5 each to form a credit union inside of the broom closet of El Paso's federal building. [1] [3] In one year, the capital funds of the credit union had increased to $1305. [4] In 1947 there were 135 members which grew to 690 members in ...
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
This page was last edited on 25 December 2023, at 04:44 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
According to the consumer protection agency, the 25 largest credit card issuers charged interest rates that were 8 to 10 percentage points higher than those offered by smaller banks and credit unions.
Credit unions in the United States may either be chartered by the federal government ("federal credit unions") [12] or a state government. [13] The states of Delaware, South Dakota, and Wyoming do not regulate credit unions at the state level; in those states, a credit union must obtain a federal charter to operate. [14]
Union affiliation by U.S. state (2023) [1] [2] Rank State Percent union members Percent change Union members Percent represented by unions Percent change Represented
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