Around the States

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%
Credit Unions 1,915 3,042 4,957 39%
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.

Indiana’s TCU Awards Employees with a $2,000 ‘Inflation Fighter’ Bonus

thumbnail_TCUTeachers 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

Massachusetts’ Freedom Credit Union Opens First Location in Connecticut

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

MCUL CEO Announces Michigan Credit Unions’ $95K CMN Donation on “Turn Up the Miracles” Radiothon

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

LSCU Announces Open Registration For GA, FLA & AL Advocacy Conferences

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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