American Consumer Council

American Consumer Council
Abbreviation	ACC
Formation	1987; 37 years ago
Type	501(c)(3)
Tax ID no.	33-0718596
Legal status	nonprofit organization
Location	San Diego, California, United States;
Funding	Membership fees
Website	americanconsumercouncil.org

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]^[2]^[4]

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]

References

^ ^a ^b "[1]" search for American Consumer Council EIN: 33-0718596. Internal Revenue Service. Retrieved October 16, 2024.
^ ^a ^b "American Consumer Council website - home page". American Consumer Council. Retrieved October 16, 2024.
^ Am. Consumer Credit Counseling, Inc. v. Am. Consumer Credit, LLC, No. 16-CV-12170-IT, 2017 WL 1534190, at *4 (D. Mass. Apr. 27, 2017)
^ Egan, John. "What Is the American Consumer Council?". Investopedia. Retrieved 16 October 2024.
^ 12 U.S.C. § 1759, United States House of Representatives, 2022
^ Am. Bankers Ass'n v. Nat'l Credit Union Admin., 38 F. Supp. 2d 114, 116–17 (D.D.C. 1999)
^ ACC Annual Report FY 2023-2024 (PDF), American Consumer Council, 2024
^ Cassity, Wendy (2000), The Case for a Credit Union Community Reinvestment Act, 100, Columbia Law Review, pp. 331–338
^ "Consumer News & Views" (PDF). American Consumer Council. September 2024. pp. 13–14.

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[IRS1-1] "[1]" search for American Consumer Council EIN: 33-0718596. Internal Revenue Service. Retrieved October 16, 2024.

[home1-2] "American Consumer Council website - home page". American Consumer Council. Retrieved October 16, 2024.

[3] Am. Consumer Credit Counseling, Inc. v. Am. Consumer Credit, LLC, No. 16-CV-12170-IT, 2017 WL 1534190, at *4 (D. Mass. Apr. 27, 2017)

[4] Egan, John. "What Is the American Consumer Council?". Investopedia. Retrieved 16 October 2024.

[5] 12 U.S.C. § 1759, United States House of Representatives, 2022

[6] Am. Bankers Ass'n v. Nat'l Credit Union Admin., 38 F. Supp. 2d 114, 116–17 (D.D.C. 1999)

[7] ACC Annual Report FY 2023-2024 (PDF), American Consumer Council, 2024

[8] Cassity, Wendy (2000), The Case for a Credit Union Community Reinvestment Act, 100, Columbia Law Review, pp. 331–338

[9] "Consumer News & Views" (PDF). American Consumer Council. September 2024. pp. 13–14.

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