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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]
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.
In the United States, St. Mary's Bank of Manchester, New Hampshire, holds the distinction as the first credit union. Assisted by a personal visit from Desjardins, St. Mary's Cooperative Credit Association (now named St. Mary's Bank) was founded by French-speaking immigrants to Manchester from the Maritime Provinces of Canada on November 24, 1908.
Pages in category "Credit unions based in New York (state)" The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes .
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 ...
Actors Federal Credit Union (ActorsFCU) is an American federally chartered credit union—a cooperatively run, not-for-profit financial institution, owned and controlled by its members. Based in New York City, New York, ActorsFCU is regulated and insured by the National Credit Union Administration (NCUA), [ 1 ] an agency of the U.S. Federal ...
Carver Federal Savings, however, is the largest and oldest continually Black-operated U.S. bank. Founding Officers, Carver Federal Savings & Loan Association, New York City, 1948. M. Moran Weston already had earlier experience as the 1945-founder of a credit union, and, for Carver, had a supporting team of 14. [2] [5]
This legislation was the first to enable the formation of credit unions in the United States. Jay also became the first-ever chairman of the New York Federal Reserve in 1913 after its formation until January 1, 1927, when he was sent to Berlin to be the American member of the transfer committee under the Dawes Plan. [1]