ST. LOUIS, Mo. — Gateway Metro Credit Union, a state-charted credit union since 1935, has made the switch to a federal charter.

The $180 million credit union has been approved by the NCUA to become a federally chartered credit union.

A 2007 law enacted by the Missouri legislature and signed by the governor restricts all state-chartered credit unions from expanding beyond the counties contiguous to their main office. With Gateway Metro headquartered in the City of St. Louis, it may expand only into St. Louis County.

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