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
Mayfair FCU Placed Under NCUA Conservatorship
ALEXANDRIA, Va. (11/4/13)--Mayfair FCU, Philadelphia, Pa., was placed under National Credit Union Administration conservatorship on Friday.

The agency will work to resolve safety and soundness issues at the 1,527 member, $14.3 million asset credit union during the conservatorship. Normal member services at the main office at 2844 St. Vincent St. in Philadelphia will continue uninterrupted, but the credit union's branch at 2645 Orthodox St. in Bridesberg, Pa., will be closed, the NCUA said.

Chartered in 1936, Mayfair FCU serves a low-income community in Philadelphia. It is the fourth federally insured credit union placed into conservatorship this year.

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

NCUA Release
RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
3 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
3 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
4 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
4 hours ago