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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.
RTP Federal Credit Union in Research Triangle Park, North Carolina. Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. [1] [2] U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. [3]
The general provisions in the Federal Act were based on the Massachusetts Credit Union Act of 1909, [2] and became the basis of many other state credit union laws. Under the provisions of the Federal Credit Union Act, a credit union may be chartered under either federal or state law, a system known as dual chartering, which is still in ...
CEFCU membership criteria allow employees of Caterpillar Inc. and Caterpillar dealers, partner companies (those working for about 550 specific companies with a CEFCU relationship), plus individuals who live or work in fourteen central Illinois counties, or who live, work, or worship in three California counties to belong to the credit union.
Digital Federal Credit Union (DCU) is a credit union based in Marlborough, Massachusetts. [ 1 ] [ 2 ] [ 3 ] It has over 1,025,000 members [ 4 ] and is the largest credit union headquartered in New England as measured by assets, managing over US $9.9 billion. [ 4 ]
The merger was approved by Valor members, and on April 1, 2017, Valor officially merged with PenFed. [11] On January 1, 2019 an emergency merger took effect and Progressive Credit union merged with PenFed. Progressive Credit Union held taxi medallion loans that led to the credit union's declining revenues. The merger gave PenFed and open ...
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 ...
Wright-Patt Credit Union (WPCU) is a US credit union or financial cooperative headquartered in Beavercreek, Ohio. The credit union was originally headquartered in Fairborn, Ohio; however, it relocated in early 2014. [1] WPCU is registered as a state-chartered credit union, [2] is the largest member-owned credit union in Ohio, [3] and is one of ...