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Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. [2] With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. [3] It was founded in 1818 in Salem, and then moved to Lynn ...
Banking in theUnited States. Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. [1] [2] U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. [3] The clients of the credit unions become partners of the financial institution and their presence ...
History. First Citizens' Federal Credit Union was originally organized as Bristol Credit Union on November 17, 1937, as a state chartered community credit union serving employees and/or residents of Bristol County, Massachusetts. [3] The name was changed to Citizens' Credit Union during a charter expansion that extended the credit union's ...
0613376. Website. www .lynnma .gov. Lynn is the eighth-largest municipality in Massachusetts, United States, [8] and the largest city in Essex County. Situated on the Atlantic Ocean, 3.7 miles (6.0 km) north of the Boston city line at Suffolk Downs, Lynn is part of Greater Boston 's urban inner core. [9]
Community Credit Union of Florida, a Brevard County-based, member-owned financial cooperative, recently celebrated the opening of a new full-service branch and residential and lending center at ...
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A community federal credit union, is a credit union in the United States that are based upon the cooperative concept but differs in its scope of membership in that it is based on geographical membership. Unlike the majority of credit unions, the community credit union is based upon geographical membership and not worksite or union commonality.
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.