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America First Credit Union (AFCU) is a federally chartered credit union headquartered in Riverdale, Utah, United States. As of January 2020, America First was the sixth largest credit union in the United States in terms of total membership and eighth largest credit union in assets in the U.S. [1] [2]
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America's First Federal Credit Union ( AFFCU) is a credit union headquartered in Birmingham, Alabama, [1] chartered and regulated under the authority of the National Credit Union Administration (NCUA) [3] of the U.S. federal government.
A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1] Credit unions in the United States may either be chartered by the federal government [2] or a state government. [3] The National Credit Union ...
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The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?
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