ALEXANDRIA, Va.-Federal credit unions this year expanded service to underserved areas at an unprecedented rate. An additional 12.5 million potential new credit union members were added as of November 30, 2001. NCUA Chairman Dennis Dollar credited the significant increase to the agency's streamlined application process for expanding into underserved communities. In all, 231 communities were adopted in 2001. Only 50 investment areas were added in all of 2000 with a population of 2.3 million.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.