The NCUA has granted a federal charter and Share Insurance Fund coverage to the Civic Federal Credit Union in Raleigh, N.C.
Civic Federal will serve the employees who work in local government in North Carolina. The credit union will operate under a trade, industry or profession single common bond.
NCUA chartered the credit union to make member business loans, focusing on governmental entities across the state. The estimated potential membership is 283,000, with the credit union emphasizing mobile access and a remote video experience center.
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