Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
$24M-asset Va FCU Closed Friday By NCUA
ALEXANDRIA, Va. (4/15/13)--Shiloh of Alexandria (Va.) FCU, a $2.4 million-asset, 624-member institution chartered in 1993, closed Friday, the National Credit Union Administration announced late in the day.

The NCUA said the decision to liquidate the credit union, which served members and employees of Shiloh Baptist Church and their immediate family members, as well as an underserved area within the City of Alexandria, was based on finding the credit union was insolvent and had no prospect for restoring viable operations.

Shiloh of Alexandria is the fifth federally insured credit union liquidation in 2013.

Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA's Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union within a week.

Former Shiloh members, or any credit union member, with questions about their insurance coverage may contact NCUA's Consumer Assistance Center toll free at 800-755-1030., Monday through Friday between 8 a.m. and 5 p.m. (ET), or use the resource link below for more information.
Other Resources

MyCreditUnion.gov
RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
7 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
8 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
9 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
10 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
11 hours ago