Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Border Lodge CU closed by NCUA state regs
ALEXANDRIA, Va. (12/3/12)--Border Lodge CU, Derby Line, Vt., became the 11th federally insured credit union to be liquidated in 2012 when the Vermont Department of Financial Regulation closed the credit union to conserve the assets and protect the interests of credit union members.

The state regulators appointed the National Credit Union Administration (NCUA) as liquidating agent.

State-chartered Border Lodge CU began operations in 1963. The credit union served 1,097 members and held $3.1 million in assets at the time of its closure. The credit union served employees of varied and approved occupational groups who work within Orleans County, Vt., and members of the immediate families of such persons and associations composed primarily of the same people, according to the NCUA.

Member deposits at the credit union are insured up to $250,000 by the National Credit Union Share Insurance Fund.

For the full NCUA release, use the resource link.
Other Resources

RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
7 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
10 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
11 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
12 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
12 hours ago