Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Charter change opens Mo. counties to CU services
ST. LOUIS (3/27/14)--With its recent charter change, Poplar Bluff (Mo.) FCU will be able to serve six counties in southeast Missouri--including three that do not have any credit union services at all.
 
The $41 million-asset credit union received approval for a rural district community charter from the National Credit Union Administration and can serve the low-income designated area.
 
"The region is essentially without credit unions," said Kirk Mondy, president/chief operating officer ( Missouri Difference March 24).
 
"Three of these counties have no credit unions at all. One county has one credit union beside us, and another has only a branch office from a Michigan-based credit union," he added.
 
Poplar Bluff FCU previously was a multi-SEG charter with Butler County at its center. Dunklin, Ripley and Wayne counties do not have any credit union services, while Stoddard County has one other credit present.
 
"This charter expansion fits hand-in-glove with our NCUA low-income credit union designation and with our recent (community development financial institution) certification," Mondy said.


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
1 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
3 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
4 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
4 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
4 hours ago