The NCUA chartered its third credit union this year today when it approved the charter
for Shepherd's Federal Credit Union, located in Charlotte, N.C.
The low-income credit union, which is scheduled to open next month, will serve congregants and staff members of Unity, the Way of Holiness Christian Church.
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"Shepherd's Federal Credit Union will offer hands-on help and long-term hope to a group that is striving to build a more prosperous community," NCUA Chairman Debbie Matz said in a statement.
The credit union is sponsored by the Neighborhood Church Coalition, a nonprofit organization in Charlotte, which provides organizational support to churches in low-income areas.
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