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News Now

Washington
Free Choice members served now by Trumark Financial
ALEXANDRIA, Va. (9/1/09)-- Trumark Financial Credit Union, a $1.080 billion-asset credit union in Trevose, Pa., will now serve the former members of Free Choice FCU of Feasterville, which was liquidated by the National Credit Union Administration (NCUA) Friday. The NCUA said Free Choice was liquidated to protect member assets while addressing operational issues within the credit union because of a deteriorating financial condition. With shares purchased and assumed by Trumark Financial, former Free Choice members are guaranteed full member-owner rights at TFCU, the NCUA noted in its announcement. Prior to the purchase and assumption, Trumark Financial served 91,000 members in neighboring counties in southeastern Pennsylvania. Chartered in 1955, the liquidated Free Choice had assets of approximately $326,000, and served more than 400 members from 20 select groups.


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