NCUA grants federal charter to Maryland-based All Peoples United credit union
A new federally insured credit union is entering the Maryland market with a focus on serving Cameroonian and broader African diaspora communities. All Peoples United Federal Credit Union becomes the second federal credit union chartered in 2026, widening access to savings and consumer lending services in the state.
Highlights
- All Peoples United Federal Credit Union received a federal charter and Share Insurance Fund coverage from NCUA, effective October 6, 2026.
- The Columbia, Maryland-based credit union will serve First Trust Team Corporation and Community Solidarity Network, focusing on Cameroonian and African diaspora communities.
- During its first year, the credit union will offer share accounts, share draft accounts, signature loans, and auto loans, expanding options for underserved groups in Maryland.
Charter approval and launch scope
As reported by National Credit Union Administration, All Peoples United Federal Credit Union received a federal charter and Share Insurance Fund coverage, with the charter taking effect on October 6, 2026.The Columbia, Maryland-based institution is organized as a multiple common bond credit union. It will primarily serve members of First Trust Team Corporation in Columbia and the Community Solidarity Network in Upper Marlboro, two organizations aligned around support for Cameroonians and wider African diaspora communities.
NCUA Chairman John Crews said the agency views the charter as part of its effort to expand access to safe, affordable financial services and support community wealth building.
Initial products and sector impact
During its first year of operations, the credit union plans to offer share accounts, share draft accounts, signature loans and auto loans.The approval adds another federally chartered institution to the U.S. credit union sector at a time when community-focused financial providers continue to target underserved member groups. For Maryland, the new entrant expands locally based options for basic deposits and consumer credit tied to affinity and mission-driven membership networks.
Our earlier coverage of Pakistan’s push to expand priority-sector lending detailed government-led targets to raise credit for housing, agriculture and SMEs, alongside incentives for banks that improve lending performance. The report also highlighted planned regulatory reforms and risk-sharing tools aimed at reducing barriers and speeding up loan processing to widen access to formal financing.
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