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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.
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The NCUSIF is supervised by the National Credit Union Agency, an independent federal agency created in 1970. The NCUSIF has the full backing of the U.S. government in case an insured credit union ...
Port Trust Federal Credit Union, Charleston, South Carolina: CPM Federal Credit Union, North Charleston, South Carolina: credit union [45] September 17, 2008: Interfaith Federal Credit Union, East Orange, New Jersey: closed and liquidated by NCUA credit union [46] September 29, 2008: Kaiperm Federal Credit Union, Oakland, California
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 ...
The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by the United States Congress in 1970 to insure members' deposits in federally insured credit unions. On July 22, 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law and included permanently establishing NCUA's standard ...
State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. 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 ...
Connecticut – state located in the New England region of the northeastern United States. Called the "Constitution State" or the "Nutmeg state", Connecticut has a long history dating from early colonial times and was influential in the development of the federal government.