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Due to their small size and limited exposure to mortgage securitizations, credit unions weathered the financial crisis of 2008 reasonably well. However, two of the biggest corporate credit unions in the United States ( U.S. Central Credit Union and WesCorp) with combined assets of more than $57 billion were taken over by the National Credit Union Administration [9] on March 20, 2009.
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] Credit unions in the United States may either be chartered by the federal government [2] or a state government. [3] The National Credit Union ...
Addition Financial was founded in 1937 by a group of 23 educators who aimed to create a better financial alternative to what the banks were offering. When it was first established, the credit union was named Orange County Teachers Federal Credit Union, as it served educators in Orange County Public Schools at that time. Over the years, the credit union changed its name to Central Florida ...
The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?
STCU, Spokane Teachers Credit Union, is a credit union chartered in the state of Washington and North Idaho. It is regulated under the authority of the National Credit Union Administration (NCUA) of the federal government. Membership is open to those "live, work, worship, or attend school" in Washington state, or counties in northern Idaho.
Compare high-yield savings accounts and traditional savings accounts — including benefits, drawbacks and how to choose the best for your budget and balances.
TFCU may refer to: Teachers Federal Credit Union. Tinker Federal Credit Union, a credit union in Oklahoma. Tower Federal Credit Union, a credit union in Maryland. Transportation Federal Credit Union. Tropical Financial Credit Union, a credit union in Florida. Truliant Federal Credit Union, a credit union in North Carolina.
SchoolsFirst Federal Credit Union is a federally chartered credit union that serves the educational community in California. It is headquartered in Tustin, California, and has branches throughout California. Before April 14, 2008, it was named Orange County Teachers Federal Credit Union, or OCTFCU.