ALQUIPPA, Penn. – A&S FCU, originally a railroad employees’ credit union, has obtained approval from NCUA to convert to a community charter serving 170,000 residents of surrounding Beaver County.
The $22-million credit union was chartered in 1940 as A&S RR (Aliquippa & Southern Railroad) Employees FCU. Membership was restricted to railroad employees.
Because it recognized a decline in railroad members and a changing economic climate, the A&S board said it sought approval for a community charter.