WASHINGTON — Over the course of the last year, three of the largest credit unions in the country have joined the National Cooperative Business Association as individual credit unions, a move which they have characterized as a step toward emphasizing their organizations' identity as financial cooperatives.
The NCBA is the lead national membership association representing cooperatives of all types and in all industries.
The $10.5 billion Pentagon Federal Credit Union is the latest to join the cooperative association. The $31 billion Navy Federal Credit Union has been a member for about a year and the $15 billion State Employees Credit Union (of North Carolina) has been a member for about nine months, according to NCBA Vice President Adam Schwartz.
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