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A community federal credit union, is a credit union in the United States that are based upon the cooperative concept but differs in its scope of membership in that it is based on geographical membership. Unlike the majority of credit unions, the community credit union is based upon geographical membership and not worksite or union commonality. [1]
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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.
Credit union members with share accounts in multiple ownership groups will receive up to $250,000 in coverage for each ownership group. The NCUSIF insures the following ownership groups up to ...
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]
DeKalb County is a county in the northeastern part of the U.S. state of Alabama. As of the 2020 census, the population was 71,608. [1] Its county seat is Fort Payne, [2] and it is named after Major General Baron Johann de Kalb. DeKalb County is part of the Huntsville-Decatur-Albertville, AL Combined Statistical Area.
The credit union's initial membership consisted of eleven individuals with assets totaling $55. [3] Membership eligibility has now expanded to include over 1,500 clubs, organizations, and employers. In 2018, Redstone Federal Credit Union was recognized as the Credit Union of the Year by the National Association of Federally Insured Credit ...
Fort Payne is a city in and county seat of DeKalb County, in northeastern Alabama, United States. It is near Lookout Mountain . At the 2020 census , the population was 14,877.