Virginia CU Become's HoustonLargest

February 24, 2005, 1:00 a.m. EST 1 Min Read

HOUSTON - (02/24/05) -- Chartway FCU, which is based inVirginia Beach, Va., said it is doubling the number of branches ithas in this Texas market, making it the city's largest creditunion. The credit opened four new branches in the city's SouthwestCentral Business District on Wednesday. Chartway said it is alreadythe largest credit union in the Houston metropolitan market withmore than 150,000 members in the area. Chartway entered Houston in1983 when it absorbed InterContinental FCU, which served employeesof of Continental Airlines through a merger. It also has 126 SEGsin the area.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Monetary policy

More rate cuts eyed as Fed zeroes in on soft labor market

Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.

By Maria Volkova

7h ago
Bank stocks

Bank stocks rise on Fed's first rate cut of 2025

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

By Allissa Kline

11h ago
Community banking

New York bank doubles down on insurance with big investment

Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.

By John Reosti

11h ago
Stablecoin

Minnesota credit union is launching its own stablecoin

St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.

By Melinda Huspen

September 17
Apple Pay

Affirm, Klarna, deepen ties with Apple

The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.

By Joey Pizzolato

September 17
NYDFS

NY regulator tells banks to monitor customers' crypto risk

State regulator says blockchain tools are key to detecting money laundering and sanctions violations.

By Carter Pape

September 17