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The credit union started out as the Allegheny Airlines Federal Credit Union in 1953 in Washington, D.C., where it was based before moving to the Pittsburgh area in 1966. [2] Although it was originally for employees for Allegheny Airlines (the predecessor to U.S. Airways), it expanded through various mergers and acquisitions of other credit unions.
For $1, anyone could open a savings account. The first day's deposits totaled $53, which included two dollars from Charles Colton's 10-year-old son. [6] Colton was the only salaried employee for the first three-and-a-half years of the institution's existence. In 1858, "The Pittsburgh Dollar Savings Institution".
In July 2008, Media General's credit union, Media First in Richmond, Va., which had about 1,000 members and $3.2 million in assets, merged with Call Federal Credit Union. In February 2020, a merger was completed with RiverTrace Federal Credit Union, bringing 1,300 members and $16 million in assets to the combined organization.
The Veterans Benefits Administration (VBA) is an sub-cabinet agency of the U.S. Department of Veterans Affairs. It is responsible for administering the department's programs that provide financial and other forms of assistance to veterans, their dependents, and survivors. Major benefits include Veterans' compensation, Veterans' pension ...
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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.