ALEXANDRIA, Va. NCUA yesterday approved an expansion for San Francisco FCU that will allow the $830-million credit union, which serves San Francisco County, to serve 725,000 residents in San Mateo County to the south, also.
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The proposed charter would cover two-thirds of the three-county San Francisco metropolitan statistical area.
Because the combined FOM would exceed 1 million, the 59-year-old credit union required NCUA Board approval, which it received yesterday. The credit union originally was chartered to serve employees of the city of San Francisco.
