Archive for October, 2009
Friday, October 2nd, 2009
The National Credit Union Administration (NCUA) closed West Texas Credit Union of El Paso, Texas, and sold all the failed credit union's assets to Security Service Federal Credit Union.
The National Credit Union Administration (NCUA) announces today that Security Service Federal Credit Union, of San Antonio, Texas, has purchased the assets and assumed ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, October 2nd, 2009
The Members’ Own Federal Credit Union of Victorville, California, was shuttered today by the National Credit Union Administration (NCUA) and sold to Alaska USA Federal Credit Union.
The National Credit Union Administration (NCUA) today liquidated The Members’ Own Federal Credit Union of Victorville, California, and accepted Alaska USA Federal Credit Union’s ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, October 2nd, 2009
The honor of being the 97th FDIC bank failure of 2009 goes to Jennings State Bank, Spring Grove, Minnesota, while all the failed bank's deposits goes to Central Bank, Stillwater, Minnesota. The FDIC estimates a hit to the Deposit Insurance Fund (DIF) of about $11.7 million.
Jennings State Bank, Spring Grove, Minnesota, was closed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, October 2nd, 2009
Huntington National Bank will assume all deposits of Warren Bank, Warren Michigan. Action taken by the FDIC makes Warren Bank the 96th FDIC-insured institution to fail this year, and the second in Michigan, at an estimated cost to the agency of $275 million.
Warren Bank, Warren, Michigan, was closed today by ...
Posted in FDIC FAILED BANKS | No Comments »
