NCUA Awards Large CommunityGrants

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ALEXANDRIA, Va. - (03/17/06) – The NCUA Board on Thursdayapproved two of the broadest community charters ever for federalcredit unions. The grants will allow $800 million Central FloridaEducators FCU, in Orlando, to serve almost 2 million residents inthe Florida counties of Orange, Osceola, Seminole and Lake; and $90million Tri Boro FCU, in Munhall, Pa., to serve about 1.5 millionresidents in Washington and Allegheny counties, including the cityof Pittsburgh, Pa. The community charters were the first approvedby the full NCUA Board, which is required to vote onprecedent-setting field of membership requests, in almost a year,as requests to convert to community charters have slowed downconsiderably.

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