The NCUA said April 25 it granted a federal charter and share insurance fund coverage to the $1.1 billion Firefighters First Federal Credit Union in Los Angeles.

The new charter, which became effective April 18, will enable Firefighters First to offer consumer loans and share services to a broader membership base.

Firefighters First plans to serve 510,000 employees and independent contractors who work in the fire protection industry across the U.S. Currently, the credit union serves 37,000 members who are primarily firefighters and their families.

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