NCUA’s New Guide Simplifies, Clarifies Federal Credit Union Charter Application Process

The National Credit Union Administration released its new Charter Application Guide and other resources today to assist people who want to bring federally insured financial services to their communities by starting a federal credit union.

“Along with increasing access to safe, fair, and affordable financial products and services for credit union members, there is a real need to make the process for starting a new credit union less daunting,” NCUA Chairman Todd M. Harper said. “Organizing a new credit union takes time, resources, and commitment. A clear, step-by-step roadmap for applying for a federal charter helps organizers lay a foundation for success.”

Harper added, “My thanks go out to the NCUA team members for their excellent work on the new charter guide, to Board Member Hood for getting the ball rolling through the ACCESS Initiative, and to Vice Chairman Hauptman for his steadfast focus on new charters.”

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