The NCUA approved a charter for the Chippewa Eagle Federal Credit Union, located in Mount Pleasant, Mich. today.
The credit union, the second new one chartered this year, will serve approximately 7,800 members and employees of the Saginaw Chippewa Indian Tribe of Michigan
It expects to open its doors in August and plans to offer multiple savings accounts, including regular shares, club accounts, money market shares, share certificates, and share drafts. It also plans to offer a variety of personal loans, including signature, used automobile, and recreational vehicle loans.
"I am pleased to welcome the Saginaw Chippewa Indian Tribe into today's thriving credit union community," NCUA Chairman Debbie Matz said in a statement. As the Chippewa Eagle Federal Credit Union celebrates the approval of its new charter, I commend its leaders for their spirit of enterprise and their commitment to serving the local community."