About: Corporate credit union   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

A Corporate credit union, also known as a "central credit union", provides services to natural person (consumer) credit unions. In the credit union industry, they are sometimes referred to as "the credit union’s credit union". Corporate credit unions may either be chartered by the National Credit Union Administration (NCUA), or under state authority if permitted under that state's financial services laws. The largest corporate credit union in the United States is U.S. Central Credit Union.

AttributesValues
rdfs:label
  • Corporate credit union
rdfs:comment
  • A Corporate credit union, also known as a "central credit union", provides services to natural person (consumer) credit unions. In the credit union industry, they are sometimes referred to as "the credit union’s credit union". Corporate credit unions may either be chartered by the National Credit Union Administration (NCUA), or under state authority if permitted under that state's financial services laws. The largest corporate credit union in the United States is U.S. Central Credit Union.
sameAs
dcterms:subject
dbkwik:coop/proper...iPageUsesTemplate
abstract
  • A Corporate credit union, also known as a "central credit union", provides services to natural person (consumer) credit unions. In the credit union industry, they are sometimes referred to as "the credit union’s credit union". Corporate credit unions may either be chartered by the National Credit Union Administration (NCUA), or under state authority if permitted under that state's financial services laws. Corporate credit unions are owned by the credit unions that choose to do business with them and provide short term (Fed Funds) and long term investments (in government approved instruments). Corporate credit unions also provide financial settlement services through the clearing of payments (check clearing), ACH (Automated Clearing House), electronic funds transfers (EFT) and ATM transaction services and networks. Originally, most states operated their own Corporate Credit Union, which had strong ties to the Credit Union League operating in that state. Many Corporate Credit unions also provided consumer services to the employees and official family members of credit union’s in cases were local or Federal laws prevented people employed by or having an interest in the operation of a financial institution as a means of fraud prevention. The majority of modern corporate credit unions no longer perform a consumer function. Through the 1980s, the corporate credit union industry underwent a consolidation movement due to limited resources in the face of increasing demands or because of institution failures (ex. CapCorp, a Washington DC based corporate credit union that failed in the 1990s). There has also been a move by the stronger Corporate Credit Unions to cross state lines and offer their services to credit unions that were previously outside their scope of business. The largest corporate credit union in the United States is U.S. Central Credit Union.
Alternative Linked Data Views: ODE     Raw Data in: CXML | CSV | RDF ( N-Triples N3/Turtle JSON XML ) | OData ( Atom JSON ) | Microdata ( JSON HTML) | JSON-LD    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3217, on Linux (x86_64-pc-linux-gnu), Standard Edition
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2012 OpenLink Software