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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]
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In 1939, the name was changed to Tropical Telco Federal Credit Union. The following year saw the credit union's assets grow to $100,000. By 1947, assets had grown to $400,000. Katie Vachon became general manager in 1956 when assets reached $2 million. The next year, Vachon joined the credit union's board of directors.
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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]