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KCCU Celebrates 65 Years in Business
Kingston Community Credit union is celebrating 65 years of providing cooperative financial services to its members. Founded on October 28th, 1957, by a handful of municipal workers each contributing a 50-centshare, to form a people before profit, financial cooperative, and originally granted a charter as the Kingston Municipal Employees Credit Union, Kingston Community Credit Union was renamed and became an open bond community credit union in 1974. KCCU now has 10,000 members with assets under administration of over $270 million and employs 40 people from the local community. Details
A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.