RED RIVER EMPLOYEES FEDERAL CREDIT UNION APPROVED BY NCUA FOR COMMUNITY CHARTER
JANUARY 17, 2014
Red River Employees Federal Credit Union Approved for Community Charter, Partnered with Dollar Associates on NCUA Process
Texas credit union approved by NCUA to serve 24 counties in Texas and Arkansas, 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, Red River Employees Federal Credit Union of Texarkana, Texas, for its approval to convert to a community charter to include 24 counties in Texas and Arkansas.
“Red River 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 Red River Employees 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.”
Red River Employees Federal Credit Union, led by CEO Robert Buck, currently serves over 67,000 members in east Texas and Arkansas.