CINFED CREDIT UNION APPROVED BY NCUA BOARD FOR COMMUNITY CHARTER
MARCH 15, 2013
Cinfed Credit Union Approved for Community Charter, Partnered with Dollar Associates on NCUA Process
Ohio credit union approved by NCUA to serve Boone, Campbell and Kenton Counties, Kentucky, and Hamilton County, Ohio, taking advantage of NCUA FOM rules to build growth and diversification option.
Dollar Associates LLC, a leading national credit union consulting firm headquartered in Birmingham and headed by former NCUA Chairman Dennis Dollar, recently congratulated one of its clients, Cinfed Credit Union of Cincinnati, Ohio, for its approval by unanimous vote of the NCUA Board to convert to a community charter to include Boone, Campbell and Kenton Counties, Kentucky, and Hamilton County, Ohio.
“Cinfed is a very progressive credit union with a strategic vision for growth and diversification that they felt would be well complemented with a community charter,” said Dennis Dollar, Principal Partner at Dollar Associates, following the NCUA action. “They have demonstrated that, even with some significant changes in recent years, the NCUA field of membership rules can still work for many growth-oriented federal credit unions. We were honored to partner with Cinfed Federal Credit Union on this successful charter expansion project and are excited to see the options for taking their credit union to the next level of growth that this community charter will make available to them.”
Cinfed Federal Credit Union, led by CEO Jay Sigler, currently serves over 29,000 members in the Cincinnati market.