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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.
They pooled $1,200 and established Orange County Teachers Credit Union with a California state charter. A switch to a federal charter in 1985 added Federal to its name. At the end of 2017, SchoolsFirst FCU reported $14.12 billion in assets, making it the fifth-largest credit union in the United States by asset size.
Silver State Bank was an American commercial bank based in Nevada that failed in 2008. The bank had 17 branches in the Las Vegas and Phoenix metropolitan areas and loan operations across the western United States. The bank's assets were acquired by Zions Bancorporation, a bank holding corporation with $2 billion in assets.
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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]
[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]
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• 2011 – Nevada Federal Credit Union converted to a state charter • 2011 – Nevada Federal Credit Union changed its name to One Nevada Credit Union • 2011 – Membership is now open to Clark County, Nellis Air Force Base, Washoe County and Nye County, Nevada • 2011 – AARP Best Employers for Workers Over 50 [7]