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In modern times, Catholic clerical finance continues to be conducted through the Vatican Bank (IOR), and many Catholic lay financial players also exist, both in Germany (e.g. Pax-Bank, [3] Liga Bank, [4] Darlehenskasse DKM) or the United States of America (e.g. Catholic Family Federal Credit Union, [5] Holy Rosary Credit Union [6]).
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.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
If that same individual has $350,000 in share accounts at one credit union, their $350,000 would only be insured up to $250,000. Credit union members with share accounts in multiple ownership ...
[citation needed] In November 1910 the Woman's Educational and Industrial Union set up the Industrial Credit Union, modeled on the Desjardins credit unions it was the first non-faith-based community credit union serving all people in the greater Boston area. The oldest statewide credit union in the United States was established in 1913. [35]
The credit union also has a lobbying role and aims to eventually offer the service to all active members of the churches. [ 10 ] A member of the Association of British Credit Unions Limited, [ 11 ] registered under the Industrial and Provident Societies Acts, Churches' Mutual Credit Union is authorised by the Prudential Regulation Authority and ...
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