Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The Southern Credit Union history
The Southern Credit Union company history timeline
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.
In 1970, that sense of security grew stronger when the National Credit Union Share Insurance Fund (NCUSIF) was established.
AboutAbout Created by the United States Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
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.
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.
31, 2009 – In 2009, 27 consumer-owned credit unions fail, costing the National Credit Union Share Insurance Fund $150 million.
27, 2010 – The NCUA finalizes the first NCUA Guaranteed Note sale.
June 20, 2011 – The NCUA becomes the first federal financial institutions regulator to file suit in federal court against Wall Street firms to recover losses from sales of faulty mortgage-backed securities.
July 6, 2012 – The NCUA closes Western Bridge Corporate Federal Credit Union
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.
Slowly membership started to grow and today (2019) Espeeco has assets of $11.3 million*.
April 24, 2020 – The Paycheck Protection Program and Health Care Enhancement Act is signed into law that provides about $484 billion in additional funding for coronavirus relief.
Rate how well The Southern Credit Union lives up to its initial vision.
The Southern Credit Union jobs
Do you work at The Southern Credit Union?
Does The Southern Credit Union communicate its history to new hires?
The Southern Credit Union competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Alabama Rural Electric Credit Union | 1969 | $5.0M | 5 | - |
| Atlanta Postal Credit Union | 1925 | $1.7M | 15 | 18 |
| United Financial Credit Union | 1965 | $580,000 | 9 | - |
| Old Hickory Credit Union | 1934 | $1.7M | 35 | - |
| First & Farmers National Bank | - | $3.7M | 35 | - |
| BankFive | 1855 | $35.1M | 10 | 4 |
| Virginia Credit Union | 1928 | $150.0M | 508 | 39 |
| Sun East Federal Credit Union | 1949 | $16.7M | 100 | 11 |
| West Star Credit Union | 1975 | $50.0M | 80 | - |
| North Valley Bank | 1972 | $32.0M | 319 | - |
The Southern Credit Union history FAQs
Zippia gives an in-depth look into the details of The Southern Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Southern Credit Union. The employee data is based on information from people who have self-reported their past or current employments at The Southern Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Southern Credit Union. The data presented on this page does not represent the view of The Southern Credit Union and its employees or that of Zippia.
The Southern Credit Union may also be known as or be related to THE SOUTHERN CREDIT UNION, The Southern Credit Union and The Southern Federal Credit Union.