Citco FCU Wins Rural District Community Charter in Wyoming
The $11 million Citco Federal Credit Union of Sheridan, Wyo., has won NCUA approval to convert to a rural district community charter to serve Sheridan and Johnson counties, according to its consultant, Dollar Associates LLC.
The 1,800-member Citco was founded in 1954 as Sheridan Public Employees FCU, changed its name in 1987 and expanded to include a number of SEGs including public and private organizations over the years.
“Citco is a very progressive credit union with a strategic vision for growth and diversification that they felt would be well complemented with a community charter,” said Dennis Dollar of Dollar Associates in Birmingham, Ala.
“They have demonstrated that, even with some significant changes in recent years, the NCUA field of membership rules can still work for many growth-oriented federal credit unions,” said the former NCUA Board chair turned consultant.