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Based in New York City, New York, ActorsFCU is regulated and insured by the National Credit Union Administration (NCUA), [1] an agency of the U.S. Federal Government comparable to the Federal Deposit Insurance Corporation. It is the 49th largest credit union in the state of New York and the 993rd largest credit union in the nation. [2]
Municipal Credit Union (MCU) is a state chartered credit union headquartered in New York City, regulated under the authority of the National Credit Union Administration (NCUA). MCU is metro New York's largest credit union. As of 2018, MCU had $2.68 billion in assets. [1] It has approximately 425,000 members and 18 branches. [2] [3]
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.
It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million. [1] [2] The most current annual report lists assets for Fiscal Year ending December 31, 2015, as $53.6 million. [3] The economic downturn of 2008 negatively affected the credit union with large losses in the first half of the year. [4]
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]
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Christine Wong makes six figures working for Google but lives as though she makes $30,000 — all to pay off her student loan debt and first house in New York City.
Founded in 1959 the NYCCLC represents over 400 local New York City unions in both the public and private sectors of the New York economy. [2] Of the 11 million total workers represented by the AFL–CIO, the New York City Central Labor Council alone represents close to 15% of its total membership.