Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country.
The National Credit Union Administration (NCUA) said Accion Opportunity Federal Credit Union (FCU), in Commerce, Calif., and All Peoples United FCU (APUFCU), in Columbia, Md., were granted the charters, which were effective Oct. 5 and 6 respectively.
NCUA said Accion Opportunity has a membership potential of 70,000, in that it will serve members of the Accion Opportunity Member Alliance and employees of the Accion Opportunity Fund Community Development, by making member business loans.
The agency said the credit union it will provide services to low-income individuals and small business owners “to promote financial stability and business growth through affordable and accessible products.”
Meanwhile, APUFCU, NCUA said, will primarily serve members of First Trust Team (F2T) Corp., located in Columbia, Md., and the Community Solidarity Network (COSNET) located in Upper Marlboro, Md. Those organizations support Cameroonians and the broader African diaspora communities, NCUA said.
The credit union plans to offer consumer savings products and lending services, according to the agency.
NCUA Charters Accion Opportunity Federal Credit Union
NCUA Charters All Peoples United Federal Credit Union
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