Q: Does AZDFI manage all credit unions conducting business in their state of Arizona?
A: No, AZDFI just regulates Arizona state-chartered credit unions.
Q: What could be the distinction between a situation credit union and a federal credit union?
A: The main disimilarity is whether the license to complete company as being a credit union ended up being provided by the local government or even the government that is federal. Each time a brand new credit union is established, the organizers use for either a situation or nationwide (federal) credit union charter. Both forms of credit unions provide NCUA insured deposits and both are controlled in much the exact same way. The difference that is important credit union people as well as other customers is where they need to go after regulatory help. ادامهی خواندن