Tinker Federal Credit Union
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Tinker Federal Credit Union
Tinker Federal Credit Union (TFCU) is a credit union headquartered in Tinker AFB, Oklahoma. Chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. TFCU is the largest credit union in Oklahoma and serves Air Force personnel from Tinker Air Force Base, as well as the employees of more than 2,200 area companies, and residents of Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor .... As of March 2023, TFCU has $6 billion in assets, over 450,000 members and 32 full-service branches, as well as two TFCU Express Electronic Service Centers. History Tinker Federal Credit Union was founded on March 20, 1946, by a small group of civilian employees working at Tinker Field in Tinker Air Force Base. Since then, it ...
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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 ...
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National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fun ...
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Banks Established In 1946
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Companies Based In Oklahoma City
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Credit Unions Based In Oklahoma
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," ...
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Children's Miracle Network
Children's Miracle Network Hospitals (CMN Hospitals) (French: Réseau Enfants-Santé (RES)) is a nonprofit organization that raises funds for children's hospitals in the U.S. and Canada. Donations support the health of 10 million children each year. Donations, which go to local hospitals, funds critical life-saving treatments and healthcare services along with innovative research, pediatric medical equipment, kids' emotional health supports during difficult hospital stays, and financial assistance for families who could not otherwise afford these health services. CMN Hospitals funds are unrestricted. Donations stay local and are directed to local member hospitals that understands in a better way of pertaining to their community needs, Funds are used where they are needed the most. The organization, founded in 1983 by Marie Osmond, John Schneider, Mick Shannon, and Joe Lake, is headquartered in Salt Lake City, Utah. The current president and CEO is Teri Nestel. Till date, CMN ...
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Combined Federal Campaign
The Combined Federal Campaign (CFC) is the workplace giving program of the federal government of the United States. The program is authorized by executive order 12353 (as amended) of March 23, 1982, and is overseen by the United States Office of Personnel Management (OPM). Issued by President Reagan, the order states that a CFC objective is "to lessen the burdens of government and of local communities in meeting needs of human health and welfare..." According to OPM's website, the mission of the CFC "is to promote and support philanthropy through a program that is employee focused, cost-efficient, and effective in providing all federal employees the opportunity to improve the quality of life for all". The federal regulations that govern the CFC are at 5 CFR §950. Origins In 1957, President Dwight D. Eisenhower promulgated procedures for a program of charitable solicitation in the federal workplace and established the "President's Committee on Fund-Raising Within the Federal Ser ...
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Tinker Air Force Base
Tinker Air Force Base is a major United States Air Force base, with tenant U.S. Navy and other Department of Defense missions, located in Oklahoma County, Oklahoma, surrounded by Del City, Oklahoma City, and Midwest City. The base, originally known as the Midwest Air Depot, is named in honor of Oklahoma native Major General Clarence L. Tinker, the first Native American major general.Crowder, James. " It is the largest air depot in the nationTINKER AIR FORCE BASE" ''Encyclopedia of Oklahoma History and Culture''. (accessed 18 August 2013)May, Jon D.," ''Encyclopedia of Oklahoma History and Culture''. (accessed 18 August 2013) Tinker is the headquarters of the Air Force Materiel Command's (AFMC) Oklahoma City Air Logistics Center (OC-ALC), which is the worldwide manager for a wide range of aircraft, engines, missiles, software and avionics and accessories components. The commander of Air Force Sustainment Center (AFSC) is Lieutenant General Tom D. Miller and the commander ...
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United States Air Force
The United States Air Force (USAF) is the air service branch of the United States Armed Forces, and is one of the eight uniformed services of the United States. Originally created on 1 August 1907, as a part of the United States Army Signal Corps, the USAF was established as a separate branch of the United States Armed Forces in 1947 with the enactment of the National Security Act of 1947. It is the second youngest branch of the United States Armed Forces and the fourth in order of precedence. The United States Air Force articulates its core missions as air supremacy, global integrated intelligence, surveillance and reconnaissance, rapid global mobility, global strike, and command and control. The United States Air Force is a military service branch organized within the Department of the Air Force, one of the three military departments of the Department of Defense. The Air Force through the Department of the Air Force is headed by the civilian Secretary of the Air Force ...
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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 ...
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Tinker AFB
Tinker Air Force Base is a major United States Air Force base, with tenant U.S. Navy and other Department of Defense missions, located in Oklahoma County, Oklahoma, surrounded by Del City, Oklahoma City, and Midwest City. The base, originally known as the Midwest Air Depot, is named in honor of Oklahoma native Major General Clarence L. Tinker, the first Native American major general.Crowder, James. " It is the largest air depot in the nationTINKER AIR FORCE BASE" ''Encyclopedia of Oklahoma History and Culture''. (accessed 18 August 2013)May, Jon D.," ''Encyclopedia of Oklahoma History and Culture''. (accessed 18 August 2013) Tinker is the headquarters of the Air Force Materiel Command's (AFMC) Oklahoma City Air Logistics Center (OC-ALC), which is the worldwide manager for a wide range of aircraft, engines, missiles, software and avionics and accessories components. The commander of Air Force Sustainment Center (AFSC) is Lieutenant General Tom D. Miller and the commander of th ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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