Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA named conservator of Calif.s Tracy FCU
ALEXANDRIA, Va. (3/23/10)—The National Credit Union Administration (NCUA) has been named conservator of Tracy, Calif.-based Tracy FCU to ensure safe and sound credit union operations and continuing service to members. The NCUA announced the action late last week. In a release, the NCUA said that Tracy FCU, which holds $24 million in assets from 5,900 members, will “continue to conduct normal financial transactions” such as deposits, loan payments, and share drafts. All accounts at the credit union are covered up to $250,000. The NCUA has intervened in the affairs of six credit unions so far this year, resulting in three supervisory mergers, and three involuntary liquidations. The NCUA last week reported that there are 337 CAMEL Code 4 and 5 credit unions as of last month, with 111 credit unions in Tracy FCU’s bracket of $10 million to $100 million in assets.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
1 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
3 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
3 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
3 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
4 hours ago