Field of membership

United Federal Credit Union plans to enter the state through a merger next year, and that could be a problem for Keystone-state banks and credit unions that are already struggling to grow.

As CEO, Gary Fukuroku has helped turn the Hawaiian-based institution into one of the largest in the state and has raised significant funds to help those affected by this year's wildfires.

Credit unions are seeing tepid growth at best, due in part to banks using online offerings to win over consumers.

The National Credit Union Administration approved Dade County Federal Credit Union's application to add almost 2 million potential members — giving it a total field of membership of 4.6 million. It's the largest-ever community charter expansion in terms of total resulting potential members.

Critics slam their proposed reach as unfair competition.

A hefty advertising budget combined with a worldwide pool of potential members has now pushed Navy FCU beyond the 13 million-member mark, substantially larger than its nearest competitors.

The state where the first U.S. credit union opened in 1909 reported fewer members in the first quarter compared to a year earlier, due in part to the competitive threat from banks.

State legislators plan to allow credit unions to serve more people below the poverty line, including those living in banking deserts, but the state's banks say the credit unions could use the legislation to dodge field-of-membership limits.

Centric Federal Credit Union, which previously covered only Ouachita and Lincoln parishes in north Louisiana, has received regulatory approval to add an additional 26 parishes and counties in its home state and neighboring Arkansas.

The National Credit Union Administration proposed a rule that would, among other changes, allow remote workers to join credit unions in their employer's market.