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News Now

Washington
New FCU chartered in Michigan
ALEXANDRIA, Va. (5/26/10)--The National Credit Union Administration (NCUA) on Tuesday announced that it has approved the charter for Chippewa Eagle FCU of Mount Pleasant, Mich. The credit union, which will serve the 7,800 members or employees of the Saginaw Chippewa Indian Tribe, expects to begin operating in August. The credit union will offer share accounts, club accounts, money market shares, share certificates, and share drafts, as well as personal loans, including signature, used automobile, and recreational vehicle loans.The credit union will also offer credit cards, unsecured lines of credit, residential mortgage loans, individual retirement accounts, and member business accounts in the future, the NCUA said. “The credit union will also offer financial educational opportunities in conjunction with existing tribal programs,” the NCUA added. NCUA Chairman Debbie Matz said she is “pleased” to welcome the credit union “into today’s thriving credit union community.” The NCUA earlier this year approved the charter of Battle Creek, Mich.’s Inspire Community Development FCU. For the full NCUA release, use the resource link.


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