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The U.S. Navy closed the Charleston Naval Shipyard and naval base on April 1, 1994, but CNS' member base was robust enough that the credit union was able to withstand the loss. In recognition of the changed environment and the credit union's broad membership, CNS changed its name on August 9, 1994, to South Carolina Federal Credit Union.
Progressive Credit Union held taxi medallion loans that led to the credit union's declining revenues. The merger gave PenFed and open charter, allowing anyone nationwide to join the once only military affiliated member credit union. [12] In February 2019, McGraw-Hill Federal Credit Union announced plans to merge with PenFed, [13] completing to ...
Rally Credit Union (formerly known as Navy Army Community Credit Union and Navy Army Federal Credit Union) is a credit union headquartered in Corpus Christi, Texas, chartered and regulated under the authority of the Texas Credit Union Department of the U.S. federal government. NavyArmy is the largest credit union in the coastal bend.
USA Federal Credit Union began in November 1953 with ten members as N.T.C. San Diego Employees Federal Credit Union. The employee-organized federal credit union was initially formed to serve the civilian employees of the Naval Training Center San Diego. In 1955, all military personnel working at N.T.C. were added to the field of membership.
Navy Federal Credit Union, a credit union based in Virginia; ... Northwest Federal Credit Union, a credit union based in Virginia This page was last edited on 27 ...
The next year, Air Force civilian personnel were admitted for membership and the credit union joined the Virginia Credit Union League. October 1956, the credit union officially changed its name to Langley Federal Credit Union and Air Force military personnel were allowed to the field of membership.
State Employees' Credit Union (SECU) is an American state-chartered credit union headquartered in Raleigh, North Carolina regulated under the authority of the Credit Union Division of the North Carolina Department of Commerce. SECU member deposits are insured by National Credit Union Administration (NCUA) of the U.S. federal government. SECU is ...
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 ...
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