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What is the difference between a state and a federally chartered credit union?

April 26, 2017chartered Credit Union federally State

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What is the difference between a state and a federally chartered credit union?

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State chartered credit unions are regulated by the State of Idaho, Department of Finance, and federally chartered credit unions are regulated by the National Credit Union Administration (NCUA). Each regulator has its own credit union law, rules and regulations although there are many similarities.