NCUA charters its first new federal credit union this year

by David Baumann, Washington CU Daily

The National Credit Union Administration granted its first new federal charter of the year to Growing Oaks Federal Credit Union in Goldsby, Oklahoma.

“It is always inspiring to see people in a community come together to create affordable financial opportunities for their neighbors and their local economy,” NCUA Chairman Rodney Hood said.

He added, “I share their values of encouraging community participation, promoting financial inclusion, and helping people build greater financial security for themselves and their families.”

The charter became effective on Aug 7 and the credit union is expected to open in December.

 

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