KeyPoint Federal Credit Union
Encyclopedia
KeyPoint Federal Credit Union is a credit union
headquartered in Baton Rouge, Louisiana
and chartered and regulated under the authority of the National Credit Union Administration
(NCUA). Like all credit unions, KeyPoint Federal is owned by its membership, governed by a Board of volunteers, elected by and from the membership.
KeyPoint Federal Credit Union was founded as COPO Federal Credit Union in 1955 by a small group of committed and concerned employees of the Copolymer Rubber & Chemical Corporation, which later became DSM Copolymer. In 2003, COPO received a community charter by the NCUA giving them the ability to open their membership to anyone who lives, works, worship
s, attends school
in or is a business entity in East Baton Rouge
, West Baton Rouge
, Livingston
, and Ascension
Parishes (Louisiana
) Since then, the credit union has grown to serve over 7,500 members and handle finances totaling over $40 million.
KeyPoint is noted as being the first credit union in the Baton Rouge area to obtain a community charter, and was quickly followed by many others in the region.
In 2006, KeyPoint approved a $409,891.98 loan to Keryn Goynes, who later plead guilty to charges of making a false statement to a credit union.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Baton Rouge, Louisiana
Baton Rouge, Louisiana
Baton Rouge is the capital of the U.S. state of Louisiana. It is located in East Baton Rouge Parish and is the second-largest city in the state.Baton Rouge is a major industrial, petrochemical, medical, and research center of the American South...
and chartered and regulated under the authority of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(NCUA). Like all credit unions, KeyPoint Federal is owned by its membership, governed by a Board of volunteers, elected by and from the membership.
KeyPoint Federal Credit Union was founded as COPO Federal Credit Union in 1955 by a small group of committed and concerned employees of the Copolymer Rubber & Chemical Corporation, which later became DSM Copolymer. In 2003, COPO received a community charter by the NCUA giving them the ability to open their membership to anyone who lives, works, worship
Worship
Worship is an act of religious devotion usually directed towards a deity. The word is derived from the Old English worthscipe, meaning worthiness or worth-ship — to give, at its simplest, worth to something, for example, Christian worship.Evelyn Underhill defines worship thus: "The absolute...
s, attends school
School
A school is an institution designed for the teaching of students under the direction of teachers. Most countries have systems of formal education, which is commonly compulsory. In these systems, students progress through a series of schools...
in or is a business entity in East Baton Rouge
East Baton Rouge Parish, Louisiana
East Baton Rouge Parish is a parish located in the U.S. state of Louisiana. The parish seat is Baton Rouge, Louisiana's state capital. As of the 2010 census, the population was 440,171. The parish has a total area of , of which is land and is water. It is the most populous parish in the state...
, West Baton Rouge
West Baton Rouge Parish, Louisiana
West Baton Rouge Parish is one of the sixty-four parishes in the U.S. state of Louisiana, and is the smallest in total area. The parish seat is Port Allen and as of 2010, the population was 23,788. The parish has a highly-rated school system and is one of the few in Louisiana that has privatized...
, Livingston
Livingston Parish, Louisiana
Livingston Parish Is a parish located in the U.S. state of Louisiana. Its parish seat is Livingston. As of 2010, its population was 128,026....
, and Ascension
Ascension Parish, Louisiana
Ascension Parish is a parish located in the U.S. state of Louisiana. It is the fastest growing parish in the state. Its population is 107,215 which is 39.9% greater than the 2000 census...
Parishes (Louisiana
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
) Since then, the credit union has grown to serve over 7,500 members and handle finances totaling over $40 million.
KeyPoint is noted as being the first credit union in the Baton Rouge area to obtain a community charter, and was quickly followed by many others in the region.
In 2006, KeyPoint approved a $409,891.98 loan to Keryn Goynes, who later plead guilty to charges of making a false statement to a credit union.