The National Credit Union Administration granted a federal charter and National Credit Union Share Insurance Fund coverage to African Diaspora Federal Credit Union in St. Louis, Missouri, authorizing it to operate as a federally chartered, federally insured credit union. The credit union will primarily serve members of the African Diaspora Council, Inc., headquartered in St. Louis, and plans to begin by offering share accounts, share draft accounts, auto loans and personal loans. The charter became effective on May 15, 2025, and is the second federal credit union chartered in 2025. African Diaspora Federal Credit Union plans to open later in 2025.
National Credit Union Administration 2025-05-19
National Credit Union Administration grants federal charter and Share Insurance Fund coverage to African Diaspora Federal Credit Union
The National Credit Union Administration has granted a federal charter and National Credit Union Share Insurance Fund coverage to African Diaspora Federal Credit Union in St. Louis, Missouri. This authorization allows it to operate as a federally chartered, federally insured credit union, primarily serving members of the African Diaspora Council, Inc. The charter became effective on May 15, 2025, marking it as the second federal credit union chartered in the year.