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Hawaii Community Federal Credit Union's history goes back to 1936, when Kona Farmers Federal Credit Union was established by ten Kona coffee farmers. It changed its name to Kona Community Federal Credit Union in 1939 when it started to take in the general public, and grew bigger in 1982, when Kohala Federal Credit Union was merged.
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 04:22 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?
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]
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