Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Small Ohio CU Serving Polish Veterans Liquidated By NCUA
ALEXANDRIA, Va. (11/25/13)--Polish Combatants CU, Bedford, Ohio, was shuttered by the Ohio Division of Financial Institutions on Friday, with the National Credit Union Administration serving as liquidating agent.

The NCUA in a release said the credit union was closed after regulators determined the credit union had no prospect for restoring viable operations.

The credit union, which was chartered in 1957 to serve Polish World War II veterans, had 52 members and held $120,450 in assets at the time of its closing. Polish Combatants CU is the 13th federally insured credit union liquidation of 2013, NCUA said.

Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA's Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union in the coming days.
Other Resources

NCUA Release
RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
12 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
13 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
16 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
16 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
16 hours ago