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News Now

Washington
Cleveland designated an underserved community by NCUA
ALEXANDRIA, Va. (2/17/10)--The National Credit Union Administration (NCUA) late last year added Cleveland, Ohio to its list of areas that are underserved by financial institutions. The NCUA decision follows a request from Cleveland-based Steel Valley FCU for the NCUA to include the majority of the city, as well as close-in suburbs, as an underserved area. Steel Valley FCU will now be able to take on any Cleveland resident as a member under its new membership structure. The urban population of Cleveland, as estimated by the U.S. Census, stood at 478,403 in 2000, and cleveland.com reported that the metropolitan Cleveland area has lost 59,852 residents between 2000 and 2008.


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