New FCU To Serve Large Section Of Chicago

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NCUA said it has granted a credit union charter to South Side Community FCU, which will serve almost 900,000 residents on the southeast side of Chicago, a majority of which is considered an underserved area.

"The field of membership is good, hard-working neighborhood folks who are striving to attain the American dream of homeownership, save for a brighter financial future, and seek financial self-sufficiency without being forced to rely on the pawn-shops and check-cashing outlets which have proliferated in the neighborhoods of southeast Chicago," said NCUA Chairman Dennis Dollar, in announcing the charter. It is the ninth federal credit union chartered so far this year and 13th overall.

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