American Eagle Federal Credit Union’s Unwarranted Advantage

$1.3 billion American Eagle Federal Credit Union converted from a federal credit union to a state credit union, which allowed them to expand their membership widely across almost the entire state.

“In Connecticut, American Eagle Federal Credit Union in East Hartford converted from a federal credit union to a Connecticut credit union. The $1.3 billion credit union will be known as American Eagle Financial Credit Union, Inc. with a proposed field of membership consisting of: persons who live, work, worship, or attend school in, and businesses and other legal entities located in Harford County, Middlesex County, Tolland County, or New Haven County, Connecticut; and, also included are spouses of persons who died while within the field of membership of this credit union, volunteers in the community, employees of this credit union, organizations of such persons, and members of the immediate family or household of such persons, volunteers or employees.”

Read more in the article from Credit Union Watch.


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