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
NCUA shuts tiny South Carolina CU chartered in 2006
ALEXANDRIA, Va. (8/6/08)--The National Credit Union Administration (NCUA) said yesterday it placed the Port Trust FCU of Charleston, S.C. into liquidation. NCUA in a release said it made the decision to liquidate the credit union and discontinue its independent operations after determining that “the credit union is insolvent” and had “no prospects for restoring viable operations.” At the time of liquidation, the credit union served 260 members and had assets of approximately $460,915. NCUA chartered Port Trust FCU in 2006 to serve persons who live, work, worship, attend school in, and businesses and other legal entities located in a community within Charleston and North Charleston, S.C. NCUA will issue checks to individuals holding verified share accounts in the credit union within one week.


RSS





print
News Now LiveWire
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
32 minutes ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
1 hour ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
3 hours ago
#creditunions, members share #databreach stories with media http://t.co/hGsnpkov8R
3 hours ago
.@CUCB #Creditunion #CherryBlossom Run registration transfer period is 2/1 - 2/28. Read more here: http://t.co/wup6XPWtcC 2of2
5 hours ago