Archive for the ‘CREDIT UNION CONSERVATORSHIPS’ Category
Monday, January 21st, 2008
The NCUA has just announced that the State of Michigan on February 16th has placed Huron River Area Credit Union into Conservatorship under the NCUA.
The $362.6 million Huron River Area Credit Union of Ann Arbor, Mich., which was placed into receivership by its state regulator Feb. 16, is likely to ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Monday, January 21st, 2008
Obelisk Federal Credit Union was placed into conservatorship today. Unlike most banks Obelisk Federal credit Union's problems stem from the credit crunch. But from insider criminality banks head teller Patricia Sherman.
As a direct result of SHERMAN’ s embezzlement, the NCUA placed the credit union into conservatorship. After evaluating ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Monday, January 21st, 2008
Peoples First Choice Federal Credit Union was turned over to federal conservatorship today. the move was voluntary and credit unions, part and all normal operations will continue uninterrupted.
On June 12, 2007, the board of directors of Peoples First Choice Federal Credit Union (PFC FCU) voluntarily consented to conservatorship, accordingly, the ...
Posted in CREDIT UNION CONSERVATORSHIPS | 1 Comment »
Monday, January 21st, 2008
It was announced late Friday that CAL State 9 Credit Union would be placed into conservatorship under the National Credit Union Administration (NCUA).
Regarding Cal State 9, this San Francisco Chronicle article received a quote from a California official who stated that the action was "related to the credit union's defaults ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Monday, January 21st, 2008
Secret Conservatorship only recently disclosed... a pattern of things to come. Never listed in the NCUA news section...
Board Room Secrets
The Bankers Knew
Largest Credit Union failure yet.... Based in CO, they made bad bets in FL, now DC will bail them out!
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Monday, January 21st, 2008
Denver -based credit union Zion United Community Credit Union has been placed into conservatorship by regulators in Colorado.
Regulators in Colorado took control of a Denver credit union with the goal of saving it for its low- and moderateincome members.
According to Colorado's Financial Services Commissioner Chris Myklebust the action is ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
