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A State Employees' Credit Union branch in Hayesville, North Carolina. State Employees' Credit Union was originally incorporated on June 4, 1937 by employees of the State of North Carolina. The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6]
This is a partial 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]
The National Center for Member Trust is a consumer protection non-profit organization "formed to support the member-owners of credit unions that are trying to convert to banks." [ 57 ] The Coalition for Credit Union Charter Options [ 58 ] is an advocacy group for converting credit unions.
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 ...
Bankrate insight. There were 4,614 banks and 4,645 credit unions that were federally insured in the third quarter of 2023. (FDIC and NCUA)While the number of credit unions declined from the ...
Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.5 billion in assets and has more than 266,700 members and 932 employees across 58 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.
State Credit Union originally was chartered as S.C. State Employees' Cooperative Credit Union on May 26, 1952. The first full-time staff member was employed in 1960. In 1975, the name was shortened to S.C. State Employees' Credit Union and the following year, the credit union moved into its own facility at 800 Huger Street. [4]
State Employees Credit Union of Maryland (also known as SECU of Maryland or SECU Maryland or SECU MD) is a state-chartered credit union headquartered in Linthicum, Maryland. [3] It is the largest federally-insured credit union in the state [ 4 ] [ 5 ] [ 6 ] and is regulated under the authority of The Office of the Commissioner of Financial ...