TUCSON, Ariz. – Tucson Federal Credit Union recently announced that it was approved for a community charter.

NCUA granted TFCU’s application to convert to a community charter from a multiple common bond credit union April 21, 2006, according to the credit union. These requests have been curtailed lately because of NCUA’s moratorium on the ability of community and single-sponsor credit unions to adopt underserved areas, a result of the current legal challenge by the American Bankers Association in Utah.

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