Three New Credit Unions Are Federally Chartered...

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NCUA said three new credit unions were chartered in January, the most of any month in the past three years. Federal deposiit insurance was approved for two new state charters, Community CU, Clinton, N.C., and Bradley Initiative CU, Cleveland, Tenn. Friday, NCUA announced the first new federal credit union chartered this year, for Faith-Based CU, Oceanside, Calif. There were only eight new credit unions chartered in 2002.

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