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North Carolina's banks, thrifts, and credit unions are ranked by their 2009 revenues. Bank of America, BB&T, and First Citizens BancShares, and State Employees held the top four positions respectively.
Credit Unions compete with banks in communities across North Carolina, and there is no practical limitation on who a credit union can serve. The tax-exempt status puts credit unions at a competitive advantage relative to other taxpaying financial institutions providing identical services. This article discusses how credit unions have evolved and affected economic behavior in North Carolina.