Just as it might feel in the beginning stages of any business, making a large investment of time and money to launch a new credit union can seem like a gamble for everyone involved. The founders of these five newbies have made it past that initial nerve-wracking period and are now watching their babies slowly grow, while continuing to work toward their goals for the institution. Click through the slideshow to read the stories of five credit unions chartered in the past five years.

ERDA Federal Credit Union ($700,000, Long Island City, N.Y.)

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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