NCUA gives approval for new credit union charter
Published: July 1,2014
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Deal for Jackson-Orlando flights in works with Allegiant
- Baseball stadium for Farish Street? It’s possible
- State GOP chairman calls on McDaniel to hurry with challenge
- Explosion at Coast fish plant leaves one dead, three injured
- Former state lawmaker Green dies at home at age 62
- McCarthy hired as CFO of Mississippi Development Authority
- Former Gov. Musgrove pushing lawsuit to school districts
- Great River Industries moving headquarters to Natchez
- Guns OK inside Mississippi polling places, attorney general says
- 'Get on Up' movie opens in Madison with Chadwick Boseman and Tate Taylor walking the red carpet