MCCOMB — The National Credit Union Administration has approved a charter for First Unity Federal Credit Union of McComb.
NCUA board chairman Debbie Matz said in a news release yesterday that First Unity will primarily serve people in Pike, Walthall and Amite counties in southwest Mississippi. The three counties had a population of 68,978 in the 2010 census.
Matz says First Unity expects to open its doors in August.
First Unity will be allowed to accept secondary capital and non-member deposits, obtain grants and loans from NCUA’s Community Development Revolving Loan Fund and qualify for certain exemptions from statutory limits on member business lending.
First Unity is the second federal credit union chartered in 2014 and the first new federal charter in Mississippi since 1995.