The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Accion Opportunity Federal Credit Union in Commerce, California. Established to make member business loans, the credit union will serve individuals with low incomes and small business owners. Its charter took effect Oct. 5, 2026, making it the first federal credit union chartered in 2026. The multiple common bond credit union has a potential membership of about 70,000 people, covering members of the Accion Opportunity Member Alliance and employees of Accion Opportunity Fund Community Development. During its first year of operations, it plans to offer consumer and business share and share draft accounts, alongside personal loans. Business lending will include equipment finance loans and secured and unsecured loans.
US National Credit Union Administration grants charter and share insurance to Accion Opportunity Federal Credit Union
The National Credit Union Administration has approved a federal charter and Share Insurance Fund coverage for Accion Opportunity Federal Credit Union in Commerce, California. The credit union will focus on member business lending and services for individuals with low incomes and small business owners, with potential membership of about 70,000. Its charter became effective Oct. 5, 2026, making it the first federal credit union chartered in 2026.