TAUNTON FEDERAL CREDIT UNION APPROVED BY NCUA BOARD FOR COMMUNITY CHARTER EXPANSION

MARCH 17, 2015

Massachusetts credit union approved by NCUA to serve 6 counties in Massachusetts and Rhode Island, taking advantage of NCUA FOM rules to build growth and diversification option.

Birmingham, AL  –  March 17, 2015:  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, Taunton Federal Credit Union of Massachusetts, for its approval by the NCUA Board to expand its community charter to include 6 counties in Massachusetts and Rhode Island.

“Taunton 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 expansion,” 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 Taunton 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.”

Taunton Federal Credit Union, led by CEO John Damaso, currently serves over 15,000 members.