Charlotte Metro Credit Union Receives Approval to Expand Its Community Charter Boundaries

CHARLOTTE, NC--(Marketwired - Sep 18, 2015) - Charlotte Metro Federal Credit Union (CMCU), a full-service, not-for-profit financial institution based in Charlotte, today announced that the National Credit Union Administration (NCUA) Board has approved its application to expand its community charter boundaries. As a result, CMCU is now able to serve members in seven counties in North Carolina and three counties in South Carolina.

"Charlotte Metro is a community institution that continues to serve Charlotte-area residents with the valued financial services that empower their success and personal financial growth," said Bob Bruns, President and CEO, CMCU. "We are very pleased that the NCUA has approved our expansion request. With our newly broadened charter, we are now able to provide the individualized financial experience we are well-known for delivering to more members throughout the region."

The NCUA Board approval was issued on September 17, 2015, enabling CMCU to expand its community charter to serve a total of 10 counties -- Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, and Union Counties in North Carolina; and York, Lancaster, and Chester Counties in South Carolina -- with a combined population of over 2.3 million. Prior to the NCUA board approval, CMCU serviced members who live, learn, work, or worship in Mecklenburg County. 

About Charlotte Metro Credit Union

Charlotte Metro Federal Credit Union is a full-service financial institution based in Charlotte, N.C. As a not-for-profit cooperative, Charlotte Metro is wholly owned by its more than 45,000 depositors and operates under a federal charter. Each depositor is insured up to $500,000; $250,000 by the National Credit Union Association (NCUA) and up to an additional $250,000 through Excess Share Insurance (ESI). Founded in 1962, Charlotte Metro has seven branch locations throughout the region. Learn more at www.cmcu.org.