Regulator Reaches The CU TIPping Point

Register now

NCUA announced last week the awarding of three TIP charters. The tipping will allow: Cincinnati Ohio Police FCU to serve all state and local government employees in eight Ohio, Kentucky and Indiana counties; Carolina Telcos FCU, Charlotte, N.C., to serve all employees in the telecommunications services industry in North Carolina and South Carolina; and Key FCU, Houston, to serve all health care workers in eight Texas counties and two Louisiana parishes.

A TIP charter enables a credit union to serve employees in a single trade, industry or profession in a defined geographic area.

Ed Roberts can be reached at robertscuj cujournal.com

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER