South Carolina Gets Two NewFCUs

March 21, 2006, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (03/21/06) -- NCUA said it granted a federalcharter last month to a group from Charleston, S.C., to form acommunity credit union, the second federal credit union formed inSouth Carolina this year. Port Trust FCU will serve a community ofabout 65,000 people in Charleston and North Charleston. In January,NCUA approved a charter for South Carolina Firefighters FCU, inColumbia, which will serve the 16,000 members and employees of theSouth Carolina State Firemen's Association.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

HSBC

Madoff Ponzi scheme haunts HSBC, which faces $1 billion hit

A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in the massive Ponzi scheme.

By Carter Pape

3h ago
Monetary policy

Fed's rate cut trajectory unclear as dueling dissents emerge

The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.

By Maria Volkova

October 29
Small business banking

Small businesses' must-haves: Speed, simplicity, capital

American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.

By Allissa Kline

October 29
Earnings

UMB shows growth and growing pains as it absorbs Heartland

Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.

By Nathan Place

October 29
Stablecoin

Western Union plots its stablecoin move

The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.

By John Adams

October 29
Climate change

What the pullback of U.S. climate guidance means for banks

Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.

By Catherine Leffert

October 29