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State chartered credit unions may exist in states that allow for the chartering of financial institutions under the authority of the state. Unlike federally chartered credit unions, state chartered credit unions in some states may choose to insure their assets through either the NCUSIF, or through
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Federally chartered credit unions (those with “Federal Credit Union” in their names) are chartered under the authority of the
National Credit Union Administration. Federal credit unions insure their members share accounts through the
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in the United States can be chartered under either of two governmental authorities; by either the federal government or by the state government. This system exists because of the
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36:(NCUSIF), which guarantees the safety and soundness of the credit union.
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80:Dual Chartering Becomes Nebraska 'Concern'.
34:National Credit Union Share Insurance Fund
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102:Credit unions of the United States
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27:, which Congress passed in 1934.
19:refers to the system by which
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40:private insurers such as
60:History of credit unions
42:American Share Insurance
25:Federal Credit Union Act
83:Credit Union Times.
78:Rubenstein, Jim.
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17:Dual chartering
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21:credit unions
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85:5 Dec. 2007.
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55:Credit union
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66:References
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49:See also
44:(ASI).
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