NCUA Charters Fourth New Credit Union This Year


Read more at the Washington CU Daily

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. It is the fourth federal credit union chartered this year.

“This charter is a milestone event,” NCUA Chairman Todd Harper said. “Eatonville was incorporated in 1887 and was one of the first self-governing, all-Black municipalities in the United States. I am very proud to say the NCUA has chartered the first federally insured financial institution in this community.”

The credit union is sponsored by the Macedonia Missionary Baptist Church, Eatonville, Florida, and will provide financial services to a community that currently does not have a local financial institution.

“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,” NCUA board Vice Chairman Kyle Hauptman said.

“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,” board member Rodney Hood said.

The new credit union will be designated a low-income credit union and will primarily serve people who live, work, worship, attend school, or participate in programs to alleviate poverty in Eatonville, the NCUA said in announcing the charter. The credit union also may qualify as a minority depository institution.

During its first year of operation, the credit union will focus on basic savings and lending services, including share accounts, checking accounts, certificates of deposit, direct deposit, wire transfers, debit/ATM access, certificates of deposit, auto loans, unsecured loans and credit counseling.

The credit union’s charter became effective December 21, 2021, and the credit union expects to be open for business in early 2022.


  • David Baumann

    David Baumann established and edited the Washington Credit Union Daily website before it was put on hiatus while he served as the editor of the regulatory and legislative blog at CUCollaborate. Before starting Washington Credit Union Daily, David was the Washington correspondent for the Credit Union Times. A veteran Washington reporter, he has spent his career writing and editing for many of the capital’s leading publications, including CongressDaily, National Journal magazine and Congressional Quarterly Weekly. He was part of a team that won a 2005 National Headliner Award for a special issue of National Journal on “The State of Congress.” He holds a B.A. in political science from The George Washington University and an M.A. in journalism from Indiana University.

Your email address will not be published. Required fields are marked *