ST. LOUIS, Mo. — Gateway Metro Credit Union, a state-charted credit union since 1935, has made the switch to a federal charter.

The $180 million credit union has been approved by the NCUA to become a federally chartered credit union.

A 2007 law enacted by the Missouri legislature and signed by the governor restricts all state-chartered credit unions from expanding beyond the counties contiguous to their main office. With Gateway Metro headquartered in the City of St. Louis, it may expand only into St. Louis County.

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.