National Geographic's first edition was published in 1888, but it wasn't until 1980 when the National Geographic Federal Credit Union opened its doors to serve the financial needs of employees of the National Geographic Society in Washington, D.C., one of the world's largest scientific and educational non-profits that manages $1.4 billion in assets.
While the presses will keep rolling out National Geographic magazine, the credit union's 38-year run will come to an end when it officially merges with the $222 million O.A.S Staff Federal Credit Union in Washington, D.C. on August 1.
According to the NCUA's May Insurance Report of Activity, NGFCU's merger was approved because of its loss or declining field of membership. Ten years ago, the credit union was serving more than 2,000 members. Since then, membership has fallen to its current 1,567 members.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
