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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]
The AFL–CIO Employees Federal Credit Union is a multiple common bond, federally chartered credit union headquartered in Washington, D.C. The credit union was founded in 1952 for members of the AFL–CIO. It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million.
For example, the Indiana Credit Union League sponsors an initiative called "Ignite", which is used to encourage innovation in the credit union industry, with the Filene Research Institute. [ 38 ] The Credit Union National Association (CUNA) is a national trade association for both state- and federally chartered credit unions located in the ...
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 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members.
Progressive Credit Union held taxi medallion loans that led to the credit union's declining revenues. The merger gave PenFed and open charter, allowing anyone nationwide to join the once only military affiliated member credit union. [12] In February 2019, McGraw-Hill Federal Credit Union announced plans to merge with PenFed, [13] completing to ...
Northwest Federal Credit Union (NWFCU) is an American credit union based in Herndon, Virginia. The company was founded as CIA Federal Credit Union in 1947 and was renamed in 1955. Northwest has over US$ 4 billion in assets and is regulated by the National Credit Union Administration (NCUA), serving more than 279,000 members throughout Northern ...