National Geographic’s first edition was published in 1888, but it wasn’t until 1980 when the National Geographic Federal Credit Union opened its doors to serve the financial needs of employees of the National Geographic Society in Washington, D.C., one of the world’s largest scientific and educational non-profits that manages $1.4 billion in assets.

While the presses will keep rolling out National Geographic magazine, the credit union’s 38-year run will come to an end when it officially merges with the $222 million O.A.S Staff Federal Credit Union in Washington, D.C. on August 1.

According to the NCUA’s May Insurance Report of Activity, NGFCU’s merger was approved because of its loss or declining field of membership. Ten years ago, the credit union was serving more than 2,000 members. Since then, membership has fallen to its current 1,567 members.

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Peter Strozniak


Credit Union Times

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