American Consumer Council
US non-profit credit union support organization
From Wikipedia, the free encyclopedia
The American Consumer Council (ACC) is an American non-profit organization founded in 1987 that is a gateway to membership in various credit unions. In addition it provides consumer education, advocacy and financial literacy to its members.[2][3][4]
| Abbreviation | ACC |
|---|---|
| Formation | 1987 |
| Type | 501(c)(3)[1] |
| 33-0718596[1] | |
| Legal status | nonprofit organization |
| Location | |
| Funding | Membership fees |
| Website | americanconsumercouncil |
The United States Federal Credit Union Act requires a credit union to limit membership. Members must either share a single common bond of association or occupation, or various common-bond groups can coalesce to make a “multiple common-bond” credit union.[5][6] In this context, ACC serves as a "select employee group" or "SEG," which allows persons to join a credit union in a sponsorship relationship with ACC.[7][8]
Examples of partnering credit unions for which ACC is a gateway are True Sky Federal Credit Union of Oklahoma City and Quorum Federal Credit Union of Purchase, New York.[9]
