Archive for the ‘CREDIT UNION FAILURES’ Category
Friday, October 17th, 2008
The National Credit Union Administration (NCUA) is still active this week as it has taken over operations of High Desert Federal Credit Union on October 16.
The NCUA assumed control of High Desert FCU, which lost $4.6 million in the second quarter of 2008.
The Apple Valley, Calif.-based credit union was placed into conservatorship ...
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Friday, October 3rd, 2008
N&W Poca Division Federal Credit Union of Bluefield, West Virginia, became Unlucky Credit Union number 13 when the National Credit Union Administration (NCUA) placed it into liquidation on October 3.
NCUA liquidated N&W Poca Division Federal Credit Union, which had assets of $6 million and 1,194 members. Its latest financial report indicated ...
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Friday, October 3rd, 2008
TEXDOT-WF Credit Union, Texas, is the 12th credit union to close since the credit bubble burst. The institution served 530 members and had $1.8M in assets at the time of the closure.
The Texas Credit Union Department made the decision to liquidate TEXDOT-WF Credit Union as of September 30, 2008, and discontinue ...
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Wednesday, September 17th, 2008
Interfaith Federal Credit Union in East Orange, N.J. became the 10th federally insured credit union to close in 2008 when the NCUA placed them into liquidation yesterday . The credit union had 370 members and assets of approximately $388,000. The official statement is here.
The National Credit Union Administration (NCUA) placed ...
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Wednesday, May 7th, 2008
The National Credit Union Administration (NCUA) closed St. Luke Baptist Federal Credit Union on May 3, 2008.NCUA’s Asset Management and Assistance Center will issue checks to members holding verified share accounts in the St. Luke Baptist Federal Credit Union within one week. Through NCUA’s National Credit Union Share Insurance ...
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Saturday, January 19th, 2008
Huron River Credit Union
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Saturday, January 19th, 2008
Green Tree Federal Credit Union
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Saturday, January 19th, 2008
Sharebuilders Federal Credit Union
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