State System Stats: Q2 2022
|Q2 2022||State-Chartered CUs||Federally-Chartered CUs||Total CUs||% of State-Chartered CUs|
|Assets||$1.081 T||$1.077 T||$2.158 T||50%|
|Members||64 M||69.9 M||133.9 M||48%|
Recent News: Dec. 2, 2022
Click on individual states for specific state-based data and news.
Teachers Credit Union (TCU) is reporting it has awarded the majority of its nearly 800 employees a $2,000, one-time “Inflation Fighter” profit sharing bonus. The bonus was provided to full- and part- time employees “most impacted by current economic conditions,” the credit union said. The CU added its decision to provide the bonus reinforces its commitment to its employees, especially during such an “unusual and challenging year.” Read More
Freedom Credit Union in Springfield, Massachusetts, recently opened its first location in Connecticut. The $683 million-asset credit union opened a loan production office in Enfield dedicated exclusively to mortgage and business lending, at least for now. In 2020, Freedom expanded its charter from people who live, work or attend school in Hampden, Hampshire, Franklin and Berkshire counties in Massachusetts to also include people in Hartford and Tolland counties in Connecticut. Read More
NCUA Re-establishes AMAC as Independent Office: Examination Responsibilities for Ohio to Transfer to Southern Region
The NCUA Board approved moving management and oversight of Asset Management and Assistance Center (AMAC) activities from the Southern Region to an independent office led by the President of AMAC. Additionally, the Board approved the transfer of examination and supervision responsibilities for the state of Ohio from the Eastern Region to the Southern Region by notation vote. Seventeen full-time employees will transfer from the Eastern Region to the Southern Region to support the realignment. Both actions are effective January 1, 2023. Read More
On Nov. 18, 104.3 WOMC hosted the fourth annual “Turn Up the Miracles” Radiothon to benefit pediatric patients of Beaumont Children’s and Children’s Miracle Network (CMN). MCUL CEO Patty Corkery called in during the radiothon to announce a surprise donation from the Michigan credit union community of nearly $95,000 to benefit CMN Hospitals. Read More
Learn what is happening at the state level in advocacy for credit unions and hear from key state officials and state banking department officials. Read More
- Georgia Advocacy Conference: January 31 – February 1
- Florida Advocacy Conference: March 28 – 29
- Alabama Advocacy Conference: April 4 – 5
What’s new in your state?
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