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The credit union was known as British Airways (UK) Employees Credit Union from its foundation in 1993, until 1997, when it widened its scope to include employees of UK-based CAA -registered airlines and their associated companies. [2] In 2015, Plane Saver won the contract to offer their services to the Ministry of Defence. It is currently the fourth largest credit union in the UK.
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] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 ...
Washington State Employees Credit Union (WSECU) is an American not-for-profit financial cooperative and the second largest credit union in the state of Washington. [2] Membership is open to those who live, work, or worship in the state, and their relatives. [3]
YONKERS, NY — A Westchester-besed credit union that serves 486 U.S. postal employees and retirees who reside in Westchester, Putnam, Dutchess and Orange Counties is now under state ...
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 ...
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 Regulation, State of Maryland. [7] [8]
Alliant Credit Union is an American credit union headquartered in Chicago, Illinois. Founded in 1935, it ranks among the largest credit unions in the United States, serving over 600,000 members across the nation.
PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania. [1] PSECU is a not-for-profit financial entity [2] that serves more than 480,000 members and manages over $7.5 billion in assets.
Banking. 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.