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The credit union was initiated in October, 1963, by some IBM employees in Poughkeepsie and Fishkill, New York. Membership requirements were changed to allow those who live, work, worship, volunteer, or attend school in Dutchess, Orange, or Ulster counties to join the credit union as of 2003. [6] The credit union was originally chartered federally.
The credit union's field of membership extends to any individual residing within a 25-mile radius of any of TCU branch. In September 2003, Triangle Credit Union opened its first in-store branch and was the third financial institution to do so in a BJ's Wholesale Club .
This is a list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
This page was last edited on 19 September 2023, at 07:19 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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]
Membership in the Treasury Department Federal Credit Union is available to employees of the US Treasury Department, Department of Homeland Security, U.S. Courts, United States Securities and Exchange Commission(SEC), CDC National Center for Health Statistics, as well as persons who live, work (or regularly conduct business), worship, or attend school in, and businesses and other legal entities ...
The American Bankers Association and five commercial banks sued AT&T Family Federal Credit Union in 1990 for expanding its membership to 150 employee groups nationwide, [7] claiming the expansion violated the 1934 Federal Credit Union Act, which states members of a credit union must have a “common bond.” [8] The U.S. Court of Appeals agreed ...
The Texas Dow Employees Credit Union was founded by employees of Dow Chemical Company in December 1954, receiving its charter from the State Attorney General that month. [3] [4] Its first organizational meeting was held in the Freeport Junior High auditorium in Freeport, Texas, on January 3, 1955, with memberships available for deposits of up to five dollars. [3]