Historic CU Broadens Its Base

ALEXANDRIA, Va. -- The NCUA Board also approved a request Thursday from American Eagle FCU, in East Hartford, Ct., to convert from a multiple group credit union serving more than 300 select groups, to a community charter serving 1.3 million residents in Connecticut's Hartford, Middlesex and Tolland counties. The $900 million credit union has a rich history. It was the founded in 1935 as the 80th federal charter as East Hartford FCU to serve employees of United Technologies, which was then the parent of Boeing, Pratt & Whitney Aircraft and United Airlines. When antitrust regulators forced a break-up of the corporation, three credit unions were formed out of it; East Hartford FCU, Sikorsky FCU and Hamilton Sundstrand FCU.