Access Community Credit Union history

With the passage of the Revenue Act of 1951, federal and state-chartered credit unions are granted an exemption from the federal income tax.

By 1952, the number of federal credit unions grows to nearly 6,000 with more than 2.8 million members.

In February 1966, the Bureau of Federal Credit Unions, along with other federal agencies launch Project Moneywise (opens new window), an initiative to expand credit union services into low- to moderate-income areas across the country and improve the financial well-being of these communities.

By the end of 1990, the credit union system has 12,891 federally insured credit unions, $223 billion in assets and 61 million members.

He serves as Chairman until 1993.

1994 – The Washington D.C. District Court rules that NCUA’s policy of allowing for multiple groups in one field of membership is allowed under the Federal Credit Union Act.

1997 – The United States Supreme Court agrees to hear the NCUA’s appeal of the Appeal Court’s ruling.

February 25, 1998 – The Supreme Court rules that federal occupation-based credit unions must consist of an occupational group having a single common bond.

As the company continued to grow, so did the credit union and in 1999 Public Service Employees Credit Union was renamed and rebranded as Access Credit Union and membership was opened to select employer groups.

In August 2000, the National Credit Union Administration (NCUA) approved our request to convert to a community charter serving Oneida County and the City of Oneida.

He serves as NCUA Chairman until 2004.

9, 2008 – The NCUA Board approves the creation of the Credit Union System Investment Program and the Homeowners Affordability Relief Program to help credit unions weather increasing financial stress.

24, 2009 – Debbie Matz becomes Chairman of the NCUA Board.

1, 2010 – United States Central Federal Credit Union and Western Corporate Federal Credit Union are placed into liquidation.

June 1, 2012 – Federally insured credit union assets exceed $1 trillion for the first time.

1, 2013 – The Office of National Examinations and Supervision begins operations.

1, 2014 – Corporate credit unions convert from the Corporate Rating Information System to the CAMEL rating system.

17, 2015 – The NCUA Board approves a final rule that raises the asset ceiling for what is defined as a small credit union from $50 million to $100 million.

23, 2017 – President Donald J. Trump designates J. Mark McWatters as Acting NCUA Chairman.

At the close of 2019, Access had CN$3.3 billion in assets and approximately 53,000 members.