ALEXANDRIA, Va. — NCUA was busy with chartering activity from community charter conversions to state-to-federal and vice versa and private to federal insurance.
The agency approved just five community conversions last month, none of which were particularly large. The largest was PEF Federal Credit Union, which may now serve a number of cities in Cuyahoga County, Ohio. The $20 million credit union has 9,609 members and added an area encompassing 763,184 potential members.
Just three underserved areas were adopted in September with two of them going to New York's $1.3 billion State Employees Federal Credit Union. The mega credit union has 665,996 members and adopted potentially nearly one-half-million more in the cities of Amherst, Buffalo, and Lackawanna.
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