ALEXANDRIA, Va. The NCUA Board yesterday approved a request from Peoples Advantage FCU to expand its community charter to cover 1.2 million people in metropolitan Richmond, Va.
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The $53-million credit union, chartered to serve employees of Allied Signal, currently covers four counties and three cities in the vicinity of Richmond.
The NCUA Board also issued for comment a proposed rule to allow federal credit unions to create and fund charitable donation accounts to facilitate charitable activities by credit unions.
The Board also approved minor amendments to its fixed-assets rule.
