Search
 

Community CU Expands Charter, Changes Name

HUNTINGTON, Ind. - Community Credit Union will celebrate its 75th anniversary with a new name and a new charter. Effective July 1, the $14 million credit union has converted to a federal community charter and is sporting a new moniker: Community Link Federal Credit Union. The changes, which were approved...

By Staff Writer | Updated on July 11, 2006

HUNTINGTON, Ind. – Community Credit Union will celebrate its 75th anniversary with a new name and a new charter. Effective July 1, the $14 million credit union has converted to a federal community charter and is sporting a new moniker: Community Link Federal Credit Union. The changes, which were approved by the board and members, aim to provide improved benefits including preservation of a “realistic” aggregate borrowing limits per member. A new Indiana HB 1179 will reduce the credit union’s aggregate borrowing limit from approximately $1.4 million to $200,000 per member, according to the credit union. Converting to a federal credit union would also increased the individual limits for business lending per member, reduce approximately 50% in examination fees to regulators and eliminate the Indiana sales tax and loan origination tax, the credit union said. Founded in 1997, Community Link serves more than 2,400 members. Its field of membership includes Huntington County.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.