Underserved Serves As New MarketsOpportunities

Register now

ALEXANDRIA, Va. - (03/25/05) -- Mainline credit unions continued tosee NCUA's underserved field of membership policy as the bestchance to expand their markets last month. The federal regulatorsaid it approved a request form JSC FCU, in Houston, to serve thecity's entire two million residents under its underserved policy;one of the biggest expansions ever granted under the policy. NCUAalso approved applications from Southeast Financial FCU, Nashville,to serve almost one million people in the Nashville area; fromMOCSE Central Valley FCU, Modesto, Calif., to cover 900,000 peoplein greater Modesto; and from Hiway FCU, St. Paul, Minn., to serve500,000 people in the metropolitan area.

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