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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 ...
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.
Desert Financial Credit Union is a credit union based in Phoenix, Arizona, that operates 47 branches and service centers throughout Coconino, Gila, Maricopa, Pinal, and Yavapai counties and now statewide in Arizona. Desert Financial remains federally insured by the NCUA (National Credit Union Administration) and in addition will be regulated by ...
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.
In March 1983, the credit union changed its name again to Naval Air Federal Credit Union. In 1996, the credit union became Chartway Federal Credit Union. Because there were branches in many different states and a much broader field of membership, the name “Chartway” was chosen because it reflected the members loyalty and a dynamic new ...
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In 1960, the credit union changed its name to the Charleston Naval Shipyard (CNS) Federal Credit Union when its field of membership expanded to include Navy personnel who worked at the Navy Yard or were stationed/home-ported at the naval base. In 1965, CNS became the first credit union in South Carolina to have its own facility.
The State Employees’ Credit Union Board of Directors chartered the SECU Foundation to help identify and address community issues that are beyond the normal scope of State Employees’ Credit Union. Funding is provided by individual members that make the contribution, enforcing the core concept of State Employees’ Credit Union as a member ...