Monday, May 20, 2019

NCUA Charters Otoe-Missouria FCU

The National Credit Union Administration (NCUA) chartered on May 20th the Otoe-Missouria Federal Credit Union in Red Rock, Oklahoma.

The federal credit union will serve approximately 4,200 members and employees of the Otoe-Missouria Tribe as well as 17 tribal-owned businesses.

The Otoe-Missouria Federal Credit Union was designated by NCUA as a low-income credit union, based on its potential membership. This designation gives the credit union the ability to accept non-member deposits, obtain grants and loans from the Community Development Revolving Loan Fund, offer secondary capital accounts, and qualify for exemptions from statutory limits on member business lending.

This is the first federal credit union to be chartered in 2019.

Read the press release.
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