Tiny CU Gets TIP Charter

PORTLAND, Ore. - (08/24/04) -- NCUA said it granted a TIP charter(for tradewide, industrywide or professionwide) to Norwest MedicalFCU to serve all healthcare workers in four northwest counties inOregon and Washington. The new charter will allow the credit unionto serve all employees, independent contractors and self-employedhealth care professionals in Multnomah, Clackamas and Washingtoncounties in Oregon, and Clark County, Washington. The tinyinstitution, with only $3 million in assets and 1,200 members, isonly the seventh credit union to obtain a TIP charter.