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Hi Tony, I saw your post and work with First Tech.  Here’s the big difference between state and federally chartered credit unions: Federally chartered CUs operate under the Federal Credit Union Act and the NCUA is the primary regulator for these CUs. State chartered CUs are primarily regulated by their state regulatory bodies but they also have regulations by the NCUA.  Both state and federal CUs are member-owned and there are some differences in how state and federal charters define CU fields of membership, but the basic ownership structure and cooperative nature stays the same.

First Tech’s proposed merger is with Addison Avenue, a federally chartered credit union that is financially strong and very similar to First Tech in many ways. There is a lot more information at http://firsttechcu.com/learnmore.html.  Hope this helps!

posted 2 years, 1 month ago
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