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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.
Number of employees. 847 [1] (2015) Website. SCCU.com. Space Coast Credit Union ( SCCU) is an American state-chartered credit union headquartered in Melbourne, Florida. It is insured and regulated by the National Credit Union Administration (NCUA). [2] As of 2022, SCCU had over 560,000 members and $7.7 billion in assets, making it the third ...
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 ...
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 ...
Website. www .navyfederal .org. Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset ...
A federal grand jury also concluded that the abuse allegations were unfounded and indicted 21-year-old Alisha Owen, an alleged victim, on eight counts of perjury. Owen served 4 + 1 ⁄ 2 years in prison. The same federal grand jury later indicted King and multiple officers of the credit union with embezzlement of funds.
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 Federal Credit Union Act is an Act of Congress [1] enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National ...