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ALEXANDRIA, Va. (May 28, 2024) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Tribe Federal Credit Union in Minneapolis. Tribe Federal Credit Union is the first federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative. The provisional charter pilot is one of several recent measures the NCUA has taken to modernize and improve credit union chartering. This pilot allows a credit union’s organizers to obtain a federal credit union charter and provides them 12 months to obtain the capital necessary to begin operations. A charter under the provisional pilot initiative does not authorize a credit union to accept member deposits or originate loans until the credit union obtains its targeted level of donated capital. View the entire press release?
ALEXANDRIA, Va. (May 28, 2024) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Tribe Federal Credit Union in Minneapolis. Tribe Federal Credit Union is the first federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative. The provisional charter pilot is one of several recent measures the NCUA has taken to modernize and improve credit union chartering. This pilot allows a credit union’s organizers to obtain a federal credit union charter and provides them 12 months to obtain the capital necessary to begin operations. A charter under the provisional pilot initiative does not authorize a credit union to accept member deposits or originate loans until the credit union obtains its targeted level of donated capital.
View the entire press release?