NCUA CHARTERS ACCION OPPORTUNITY FEDERAL CREDIT UNION

The following information was released by the National Credit Union Administration:

New Credit Union Will Serve Small Business Owners

ALEXANDRIA, Va. (October 30, 2026) The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Accion Opportunity Federal Credit Union, located in Commerce, California.

Today marks an important milestone as we welcome this newly chartered credit union into the cooperative system, said NCUA Chairman John Crews. Its commitment to expanding small business lending and serving communities in need of financial services reflects the very core of what credit unions were created to do. NCUA looks forward to seeing the positive impact the credit union will bring to the people it serves.

Accion Opportunity Federal Credit Union is a multiple common bond credit union, with a potential membership of about 70,000 persons. They will serve members of the Accion Opportunity Member Alliance and employees of the Accion Opportunity Fund Community Development. Accion Opportunity FCU was chartered for the purpose of making member business loans. It will provide services to low-income individuals and small business owners to promote financial stability and business growth through affordable and accessible products.

During the first year of operations, Accion Opportunity FCU plans to offer its members savings and lending products that will include:

Consumer and business share accounts

Consumer and business share draft accounts

Personal loans

Business equipment finance loans

Business secured and unsecured loans

Accion Opportunity Federal Credit Unions charter became effective on October 5, 2026. It is the first federal credit union chartered in 2026.