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How to Start a Credit Union

The National Credit Union Administration charters federal credit unions.

NCUA has five regional offices across the country that charter federal credit unions in the states that they oversee. To get assistance from an NCUA regional office to help you form and charter a credit union:

  • Go to the Organizational Chart
  • Link to the NCUA regional office located in or close to your home state, then
  • Contact the appropriate regional office for specifics.

For immediate details on forming a federal credit union, Chapter 1 in theNCUA Chartering and Field of Membership Manual can guide you through the steps to organize a federal credit union and the manual includes the necessary forms.

Note: Chartering a credit union means forming a financial institution. It demands time and resolved commitment from its organizers.