The credit union also may qualify as a minority depository institution.ĭuring its first year of operations, Unity of Eatonville Federal Credit Union will focus on basic savings and lending services, including: The new credit union will have a low-income designation, and will primarily serve people who live, work, worship, attend school, or participate in programs to alleviate poverty or distress in the Eatonville community.
Sponsored by the Macedonia Missionary Baptist Church Eatonville Florida, Inc., Unity of Eatonville Federal Credit Union will provide financial products and services to a community that currently does not have a local financial institution. I wish them well and hope that other credit union organizers can learn from the chartering of this institution.” By chartering the Unity of Eatonville Federal Credit Union, this community is responding to a need in a minority and underserved area, which will ultimately improve financial inclusion and financial access. Hood, “As I have often said, financial inclusion is the civil rights issue of our time. “Your dedication and commitment to the success of Unity of Eatonville Federal Credit Union will not only benefit your community but also inspire others seeking to own and control their financial future through the cooperative model.” “Congratulations to all who worked on this groundbreaking charter,” said NCUA Vice Chairman Kyle S. I am very proud to say the NCUA has chartered the first federally insured financial institution in this community.” “Eatonville was incorporated in 1887 and was one of the first self-governing, all-Black municipalities in the United States. “This charter is a milestone event,” NCUA Chairman Todd M. 21, 2021) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Unity of Eatonville Federal Credit Union in Eatonville, Florida. Credit Union With Low-income Designation Will Be First Federally Insured Financial Institution in Its CommunityĪLEXANDRIA, Va.
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