The NCUA announced Wednesday that the Finest Federal Credit Union in New York is the first new federally-chartered credit union of the year.

The cooperative is also the first new federal charter in the state of New York since 2009, according to the NCUA.

Finest FCU, which will be headquartered in Manhattan, was granted a charter to serve the 74,530 employees of federal, state, county and municipal agencies or departments engaged in police protection in the city of New York.  

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