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News Now

Washington
Nevadas Clearstar Financial CU closed
ALEXANDRIA, Va. (9/29/09)--The assets, loans and shares of Reno, Nev.-based Clearstar Financial CU have been purchased by United FCU after the Nevada Division of Financial Institutions closed Clearstar Financial on Friday. The $144 million in assets and 16,000 members served by Clearstar will now be assumed by $941 million in assets and 78,000 member United Federal, which serves employee and association groups through 15 branch offices in Michigan, North Carolina, Arkansas, Nevada and Ohio. Clearstar was closed due to its “declining financial condition,” the National Credit Union Administration said.


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