Archive for the ‘CREDIT UNION FAILURES’ Category
Friday, March 5th, 2010
Lawrence County School Employees Federal Credit Union New Castle, Pa. became the fourth liquidation of a federally insured credit union this year.
NCUA announced this afternoon that it has liquidated the $2.5 million Lawrence County School Employees Federal Credit Union, which had been headquartered in New Castle, Pa.
At the time of ...
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Friday, February 26th, 2010
Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. became the third liquidation of a federally insured credit union this year.
The NCUA on Friday liquidated Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. and its assets were purchased by SchoolsFirst Federal Credit Union in the same city.
Mutual ...
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Thursday, February 25th, 2010
Friendship Community Federal Credit Union of Clarksdale, Miss.became the second liquidated federally insured credit union of 2010.
The NCUA liquidated the Friendship Commfor friendship community Federal credit Unionunity Federal Credit Union of Clarksdale, Miss. today and its assets were purchased by Shreveport Federal Credit Union of Shreveport, La.
Friendship Community FCU had ...
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Monday, February 8th, 2010
In a sign of the times another ailing credit union was removed from life support by NUCA.
In a NCUA supervisory merger, the $4.8 billion America First Federal Credit Union has taken over the $50 million Mountain High FCU of Provo, Utah.
America First of Riverdale, Utah had been providing management assistance ...
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Friday, January 8th, 2010
Self-Help Credit Union will help the depositors of Kern Central Credit Union of Bakersfield, California, by assuming the assets and liabilities of the ailing credit union. The National Credit Union Administration, acting as the liquidating agent of Kern made the announcement today.
The National Credit Union Administration (NCUA) was today appointed ...
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Monday, November 30th, 2009
The National Credit Union Administration (NCUA) was in action today as it placed Fairfield County Ohio Federal Employees Federal Credit Union of Lancaster, Ohio, into liquidation.
The National Credit Union Administration (NCUA) placed Fairfield County Ohio Federal Employees Federal Credit Union of Lancaster, Ohio, into liquidation. The NCUA Asset Management and ...
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Friday, November 13th, 2009
Ensign Federal Credit Union bit the dust today and its members are now served by EDS Credit Union.
November 13, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today closed Ensign Federal Credit Union of Henderson, Nevada, and authorized the purchase and assumption (P&A) of member share accounts by ...
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Thursday, October 29th, 2009
Another Credit Union bites the dust. Second Baptist Church Credit Union was shuttered today and its members will not be served by Prosperity Federal Credit Union.
The National Credit Union Administration (NCUA) was appointed liquidating agent of the Second Baptist Church Credit Union (Second Baptist) of Los Angeles by the California ...
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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 ...
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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 ...
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