Archive for the ‘CREDIT UNION FAILURES’ Category
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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Wednesday, September 30th, 2009
The Nevada Division of Financial Institution has closed Clearstar Financial Credit Union, appointing United Federal Credit Union as liquidating agent.
The National Credit Union Administration (NCUA) today accepted appointment as liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to close the ...
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Monday, August 31st, 2009
Kaiser Lakeside Credit Union (Kaiser Lakeside) of Oakland, California was closed Friday by the by the California Department of Financial Institutions (DFI). National Credit Union Administration was appointed failed credit union's liquidating agent.
The second credit union in less than a week was closed on August 31, 2009. The ...
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Friday, April 24th, 2009
Eastern Financial Florida Credit Union, Miramar, FL, was closed Friday by the National Credit Union Administration. The National Credit Union Administration has appointed Space Coast Credit Union to manage the institution's day-to-day operations.
Eastern Financial, started in 1937 by 10 employees of the former Eastern Airlines, remains open for business as usual, ...
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Saturday, March 21st, 2009
The National Credit Union Administration Board today placed U.S. Central Federal Credit Union, Lenexa, Kansas, into conservatorship to stabilize the corporate credit union system and resolve balance sheet issues. The seizure was done under the Corporate Stabilization Plan.
U.S. Central Federal Credit Union in Lenexa, Kan., and Western Corporate Federal Credit Union ...
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Saturday, March 21st, 2009
Western Corporate Federal Credit Union, in San Dimas, CA, was one of two credit unions placed into conservatorship by the National Credit Union Administration Board today. The seizure was done under the Corporate Stabilization Plan to help stabilize the corporate credit union system and resolve balance sheet issues.
U.S. Central Federal Credit Union in Lenexa, Kan., ...
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Friday, December 5th, 2008
The State of Connecticut closed it's first credit union in a decade today as the Connecticut Department of Banking assumed control of West Hartford Credit Union Inc. and appointed NCUA receiver. West Hartford Credit Union is a tiny credit union with just under $3 million in assets, but the closure ...
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