List of New Provisional Charters Granted

May 28, 2024 - Tribe Federal Credit Union

 

 

 

 

 

June 6, 2024 - Fair Break FCU

 

 

 

If you would like to donate capital to one of these provisional charters, please contact denise@6thstory.com.


List of New Charters Granted Recently

March 18, 2024 - Arise Community Credit Union

February 3, 2023 - For Members Only FCU

April 11, 2023 - Generations United FCU

November 8, 2023 - Young Community FCU

July 22, 2022  - WeDevelopment FCU

September 16, 2022 - People Trust Community FCU 

November 7, 2022 - New York Episcopal FCU

November 18, 2022 - The Morning Star FCU

Proposed De Novo Credit Unions

Here are just a few of the credit unions on the way to serving their members in exciting new ways! If you're part of an effort to start a credit union, make sure you register your De Novo credit union. If you would like to make a donation towards grant programs to provide capital for a de novo, please click the donate button below. 

De Novo Credit Union Charters

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Currently in Process at NCUA

Proposed African Diaspora Federal Credit Union

African Diaspora Council Logo

The purpose of our existence is for members to pull our resources together for economic employment, build generational wealth, and heal our community members from the circle of poverty that was brought upon them by the "Pay Day Loan" system of exploitation.

We are at the last phase of the process of creating our credit union. We are currently raising funds for our startup expenses.

Proposed Field of Membership

Our preliminarily approved associational common bond field of membership for the proposed credit union reads as follows:

"Members of the African Diaspora Council, Inc. who qualify for membership in accordance with the bylaws in effect on December 19, 2015; Spouses of persons who died while within the field of membership of this credit union; employees of this credit union; members of their immediate families or household; and organizations of such persons.”

Website

https://africandiasporacouncil.org/

Proposed Seattle University Credit Union

The Proposed Seattle University Credit Unions is an initiative where a dedicated team of students, faculty, staff are coming together to build and launch an independent credit union to serve the needs of the SU and surrounding communities.

Proposed Field of Membership

  • Students, faculty, staff, alumni of Seattle University.
  • Anyone who lives, works, worships, or studies in the Seattle Public School’s School District. (Which means anyone/business in the city of Seattle)
  • Family members of those who are eligible for membership. (Which allows additional groups, such as parents, family members, etc.)

Social Media

Linkedin: https://www.linkedin.com/company/seattle-university-credit-union-initiative/

Instagram: su_creditunioninitiative

Proposed Heritage Financial Cooperative Credit Union

Heritage Financial Cooperative Credit Union is a virtual credit union committed to empowering and uplifting the low-income communities in North Alabama and beyond. By providing accessible and affordable financial services, Heritage Financial seeks to bridge the gap in financial inclusion, fostering economic growth and stability.

Proposed Field of Membership

Low-income communities in Northern Alabama

 

Proposed Freedom Financial Federal Credit Union

Freedom Financial Federal Credit Union will be a community credit union. Our mission is to empower the people of our community by providing financial education, financial advice, economic development, and offering opportunities to achieve financial freedom to ultimately improve their quality of life.

Proposed Field of Membership

The Huntsville, Alabama community with a population of 388K

Website

freedomfinancialfcu.com

Diverge Proposed Credit UnionProposed Diverge Federal Credit Union

The National Credit Union Administration (NCUA) has extended its approval for a new charter application for Diverge, a Proposed Federal Credit Union (PFCU). Diverge PFCU is a groundbreaking initiative that will expand financial access for historically unbanked individuals and their families.

The initial focus of the proposed credit union is to provide a financial home for marginalized people in the justice-involved and LGBTQI+ communities. An estimated 2 million people in these populations are unbanked.

https://www.divergecu.org/post/ncua-approves-new-charter-application-for-diverge

Help Support Diverge

Interested in becoming a member?

Proposed C3 Federal Credit Union

C3 Proposed Federal Credit Union will be established to cater to the underrepresented businesses and individuals in the Southern Maryland communities. Our mission is to financially strengthen the Southern Maryland community by providing financial literacy workshops, entrepreneurship training, and investment education seminars while ensuring access to responsible credit, savings, and compassion.

This credit union will support the local business community by providing business services, education, and loan products to keep the business community at the cutting edge of information and technology. We will educate our members on consumer laws and their economic rights.

The NCUA is currently reviewing our Proof of Concept submission. Once the NCUA approves our FOM and name, we will begin working on Phase 2 of the three-phase process.

Proposed Field of Membership

We will serve the following counties in Southern Maryland

  • Charles County
  • Calvert County
  • St. Mary's County
  • Prince George's County
  • Anne Arundel County