Va. CU Seeks New Ground On FOM

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Newport News Shipbuilding Employees CU has applied to state regulators for what would be the biggest and most expansive community charter for a state credit union in Virginia.

The bid would allow the $900-million credit union to serve the region surrounding Virginia Beach and all the way south covering eight rural counties in neighboring North Carolina, including the Outer Banks beach resort.

Total population requested of almost two million people would far exceed the 1.4 million surrounding Virginia Beach that Portsmouth-based Northern Star CU was approved to serve last month.

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