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In 1931, Colorado began chartering credit unions, when the General Assembly passed the Credit Union Act. Regulation of credit unions, savings and loan institutions and trust companies is conducted by what is now known as the Division of Financial Services. In 1951, Colorado became the third state to establish a civil rights agency, now known as ...
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.
The Credit Union National Extension Bureau, the forerunner of the Credit Union National Association, was formed as a confederation of state leagues at a meeting in Estes Park, Colorado, in 1934.
Credit unions are insured by the National Credit Union Administration (NCUA), whereas banks are covered by the Federal Deposit Insurance Corp. (FDIC). In both cases, the coverage is up to $250,000 ...
The Credit Union National Association, commonly known as CUNA (pronounced "Cue-Nuh"), was a national trade association for both state- and federally chartered credit unions located in the United States. CUNA provided member credit unions with trade association services, such as lobbying, regulatory advocacy, professional development, and ...
Some credit unions insured by the NCUA also carry private insurance to provide customers with higher coverage limits than the standard $250,000, which can benefit those who’d like to keep more ...
This page was last edited on 25 December 2023, at 04:14 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Herring was one of the attendees at the 1934 Estes Park, Colorado, meeting that established the Credit Union National Association (better known as CUNA). Also attending the Estes Park meeting were Edward Filene, Claude Clark, and Dora Maxwell. Herring’s commitment to the value of credit unions elevated her to national leader of the movement.