Archive for the ‘CREDIT UNION FAILURES’ Category
Saturday, July 31st, 2010
Family First Federal Credit Union of Orem, Utah, was closed by NCUA, just another casualty crisis.
NCUA assumed control of operations at Family First Federal Credit Union of Orem, Utah. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.
Service to Family First ...
Posted in CREDIT UNION FAILURES | No Comments »
Thursday, July 1st, 2010
First Delta Federal Credit Union, which was placed into conservatorship by NUCA in October 2009, has been Amerged with Shreveport Federal Credit Union.
First Delta Federal Credit Union of Marks, Mississippi merged with Shreveport Federal Credit Union of Shreveport, Louisiana on June 30, 2010. NCUA placed First Delta FCU into ...
Posted in CREDIT UNION FAILURES | No Comments »
Thursday, July 1st, 2010
Southwest Community FCU of St. George, Utah, was shuttered tonight after NCUA, lost patience with the ailing credit union.
After several quarters of subpar results, the NCUA last week liquidated the $139 million Southwest Community FCU of St. George, Utah, and announced that its assets and liabilities would be purchased and ...
Posted in CREDIT UNION FAILURES | No Comments »
Wednesday, March 24th, 2010
Tracy Federal Credit Union, went from the frying pan into the fire as Federal placed the ailing institution into conservatorship on Friday and then put the ailing institution out of it's misery today turning it over to the Valley First Credit Union of Modesto.
The 5,900 members of Tracy Federal Credit ...
Posted in CREDIT UNION CONSERVATORSHIPS, CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
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 ...
Posted in CREDIT UNION FAILURES | No Comments »
