Banking Dive Mar 02, 2026 Enforcement Edward Jones gets FDIC’s nod for ILC charter By Dan Ennis Summary Edward Jones receives FDIC approval for an industrial bank charter; plans to launch operations next year. Why It Matters for Texas Credit Unions Does not mention Texas CUs or have direct relevance to the state's credit unions. Original Source Material The approval caps a nearly six-year journey for the investment firm, which aims to launch an industrial bank next year.