|
Chartway Federal Credit Union
Chartway Federal Credit Union is a credit union headquartered in Virginia Beach, Virginia, Virginia Beach and is chartered and regulated under the authority of the National Credit Union Administration (NCUA). Chartway serves more than 190,000 members throughout Texas, Utah, and Virginia. History On September 4, 1959, seven civilian workers at the Naval Station Norfolk, Norfolk Naval Air Station each invested $5.00 and incorporated NorVA N.A.S. Federal Credit Union. In October 1959, the organization that would later become Chartway Federal Credit Union was chartered.{{cite news , last1=Schwartz , first1=Michael , title=ANNIVERSARY Chartway Federal Credit Union – 50 years , url=https://www.pilotonline.com/2009/12/23/anniversary-chartway-federal-credit-union-50-years/?clearUserState=true , access-date=July 16, 2023 , work=The Virginian-Pilot , date=December 23, 2009 Its field of membership included civilian and military personnel, along with their family members. The charter also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
