New CU Charters Dry Up

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ALEXANDRIA, Va. - NCUA said it approved a charter last month for a new credit union in Fort Wayne, Ind. The Union Baptist Church FCU will serve about 225 members of the Fort Wayne parish.

The credit union was only the eighth chartered last year, one of the leanest years for new credit unions since the signing of the Federal CU Act. There were nine new credit unions chartered in 2005, and 12 in 2004. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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