ALEXANDRIA, Va. – NCUA yesterday reported it approved three more conversions from federal to state charters in December, making nine for the year.
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December’s charter switchers were: Denver Community FCU with $220 million in assets; DOCO Regional FCU, a $175-million credit union in Albany, Ga.; and Fort Gordon FCU, a $56-million Fort Gordon, Ga., credit union.
Four state credit unions switched to federal charters in 2011. The biggest charter flip of the year was by NavyArmy FCU, a $1.2-billion Corpus Christi, Texas credit union that converted to a state charter, enabling it to branch out from its traditional military base to a community charter.
