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Seattle Metropolitan Credit Union (DBA Seattle Credit Union) was founded by Seattle municipal employees in 1933 under the name City Credit Union, before taking its current name in 1997. [1] In 2003 the credit union merged with the Teamsters' Credit Union, acquiring $11 million in assets, 3,100 new members, and a single branch location on ...
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.
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 ...
Credit Union. Location. Carlton Tower, 34 St Paul's St, Leeds LS1 2QB. Key people. Paul Kaye, Chief Executive. Website. leedscreditunion.co.uk. Leeds City Credit Union Limited is a not-for-profit member-owned financial co-operative, trading as Leeds Credit Union, formed in 1987 and based in the West Yorkshire city of Leeds. [1] [2]
Website. nymcu.org. Municipal Credit Union (MCU) is a state chartered credit union headquartered in New York City, regulated under the authority of the National Credit Union Administration (NCUA). MCU is metro New York's largest credit union. As of 2018, MCU had $2.68 billion in assets. [1] It has approximately 425,000 members and 18 branches.
Banking. A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts ( savings accounts ), share draft accounts ( cheque accounts ), credit cards, credit, share term certificates ( certificates of deposit ), and online banking.
The first working credit union models sprang up in Germany in the 1850s and 1860s, and by the end of the 19th Century had taken root in much of Europe. They drew inspiration from cooperative successes in other sectors, such as retail and agricultural marketing (see history of the cooperative movement ).
Arizona Financial was established in 1936 as the Phoenix City Employees Federal Credit Union. This union merged with similar credit unions for city employees of Mesa (and Chandler ), Scottsdale , and Tempe in 1981 to form Arizona Federal Credit Union, with 28,000 members and $48 million in assets. [3]