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The National Association of Federally-Insured Credit Unions (NAFCU) is a U.S. trade organization representing the nation's federally-insured credit unions.The NAFCU hosts conferences, [1] publishes original research on issues relating to the credit union industry, [2] and provides testimony before the United States Congress on issues relating to credit unions and the financial services industry.
Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset size and in membership.
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.
A branch of the Coastal Federal Credit Union in Raleigh, North Carolina. A credit union is a member-owned nonprofit cooperative financial institution.They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking.
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 ...
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
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 ...
The general provisions in the Federal Act were based on the Massachusetts Credit Union Act of 1909, [2] and became the basis of many other state credit union laws. Under the provisions of the Federal Credit Union Act, a credit union may be chartered under either federal or state law, a system known as dual chartering, which is still in ...