CHFCUCentury Heritage Federal Credit Union (Pennsylvania)
CHFCUCommunity Healthcare Federal Credit Union (Everett, WA)
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The federal agency also said it granted CHFCU a low-income designation, making it eligible for certain benefits including NCUA grants and low-interest loans as well as an exemption from the member-business lending loan limit to help the credit union better serve low-income members.
A typical payday borrower making $35,000 annually does not have enough income to repay their loans and cover other monthly expenses," CHFCU said in a prepared statement.
CHFCU also plans to offer financial literacy programs to members and non-members to help them achieve financial independence and build wealth.