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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]
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]
Prompt corrective action may require the development of a net worth restoration plan ("NWRP") in the event the credit union becomes less than adequately capitalized. A NWRP addresses the same basic issues associated with a business plan. The plan should be based on the credit union's asset size, complexity of operations, and field of membership.
The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members.
Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset size and in membership.
Coastal Federal Credit Union is a not-for-profit, member-owned financial cooperative located in Raleigh, North Carolina. As of 2022, Coastal had $4.6 billion in assets and more than 323,000 members. As of 2022, Coastal had $4.6 billion in assets and more than 323,000 members.
America First Credit Union is a federally chartered credit union headquartered in Riverdale, Utah, United States. As of December 2023, [update] America First was the fifth largest credit union in the United States in terms of total membership and seventh largest credit union in assets in the U.S. [ 1 ] [ 2 ]
WPCU is registered as a state-chartered credit union, [2] is the largest member-owned credit union in Ohio, [3] and is one of the 50 largest credit unions in the United States. [4] As of February 2022 [update] , WPCU has over $ 7.1 billion in assets, and over 446,000 members. [ 5 ]