The above chart, courtesy of the NCUA, demonstrates the decline in new credit union charters over the years.

Chartering a new credit union requires patience, perseverance and planning, requirements that few know better than Keith Stone.

Accordingly, Stone is optimistic about the future of The Finest Federal Credit Union, a brand new financial cooperative chartered in February to serve the almost 75,000 employees of federal, state, county and municipal agencies or departments engaged in police protection in the city of New York. The Finest FCU opened its doors on May 13 in a ribbon-cutting ceremony that included NCUA Chairman Debbie Matz.

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