CommunityWorks Federal Credit Union announced it has become a National Credit Union Administration (NCUA) -chartered credit union. It is the first NCUA-chartered credit union in the state in 15 years.
NCUA’s Office of Consumer Protection granted a community charter to CommunityWorks Federal Credit Union, which will serve people who live, work and worship or attend school in Greenville County, as well as businesses and other legal entities in the county. The credit union’s potential field of membership is nearly 475,000 people.
“Everyone needs and deserves to have access to financial products and services they can afford,” said Debbie Matz, NCUA board chairwoman, in a release. “CommunityWorks will serve a real need among people who live in Greenville County.”
CommunityWorks expects to have its grand opening at its main office, located at 115 W. Antrim Drive in Greenville, in June.
During its first year of operations, the credit union will focus on savings and loan products to help members build assets, repair credit and enhance their financial knowledge.
CommunityWorks will serve a low-income community and intends to seek a low-income credit union designation at a later date. Additionally, the credit union will be a Community Development Credit Union, one of only four in the state.
