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American Eagle Federal Credit Union applies for state charter
EAST HARTFORD, CT (September 3, 2014) — The American Eagle Federal Credit Union has applied for regulatory approvals to replace its federal charter with a Connecticut state charter, officials announced on Tuesday, September 2, 2014.
Additionally, the Credit Union has applied for permission to expand its current field of membership of Hartford, Middlesex, and Tolland counties to include New Haven County. William J. Dokas, President/CEO, noted that expanding its presence in the state of Connecticut will create opportunities for continued growth and enable the residents of New Haven County to take advantage of American Eagle’s wide selection of financial products and services. He also noted that this expansion will allow American Eagle to enhance its convenience to existing members who became members when the Credit Union serviced Pratt & Whitney Aircraft with branch offices in North Haven, prior to its closing in 2004 and in Cheshire, prior to its closing in 2011.
If approved by the State of Connecticut Department of Banking, the Credit Union expects the conversion to take place in the first quarter of 2015. Deposits will continue to be insured by the National Credit Union Administration (NCUA).
About American Eagle Federal Credit Union
American Eagle Federal Credit Union is a not-for-profit financial cooperative headquartered in East Hartford, Connecticut. It is the state’s largest community credit union with over 105,000 members and $1.4 billion in assets. It provides financial services to the residents and businesses in Hartford, Middlesex, and Tolland counties in CT. It operates 13 retail banking offices (Bloomfield, Cromwell, East Hartford, Enfield, Farmington, Glastonbury, Manchester, Newington, Plainville, Southington, South Windsor, Vernon, and West Hartford), five offices at various UTC locations in central Connecticut, and one office at East Hartford High School.
The Credit Union was founded by employees of Pratt & Whitney Aircraft in 1935 and was the 80th federal credit union chartered in the United States. Member deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA). For more information, visit americaneagle.org.