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NCUA Issues Federal Charter for CU at Dallas Church

ALEXANDRIA, Va. -- The NCUA has granted a federal charter for Oak Cliff Christian Federal Credit Union in Dallas, the agency announced today.

The credit union was chartered to serve members and employees of the Oak Cliff Bible Fellowship Church and its subsidiaries as well as students of its Christian Academy, all based in Dallas.

The credit union office will be located on the campus of the Oak Cliff Bible Fellowship Church in Dallas. This field of membership totals 8,500 potential members.

According to the application the organizers want to "offer the field of membership a place to confidently deposit their savings and investments with security for the future," and to provide a safe, sound democratic alternative to traditional financial institutions.

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