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
Texas CU purchasesassumes assets liabilities members of Utah CU
ALEXANDRIA, Va. (2/17/11)--A $119 million-asset Utah credit union was liquidated Tuesday by the National Credit Union Administration (NCUA), and a San Antonio, Texas-based credit union purchased and assumed its assets, liabilities and members. The Utah institution, Family First FCU, Orem, was serving about 18,000 members when it was closed. Last July 30, the NCUA assumed control of its operations with a stated goal of “continuing credit union service to the members at a safe, sound credit union.” Former Family First members become members of the purchasing Security Service FCU with no interruption in credit union service. Security Service is a full-service institution with $6 billion in assets and 800,000 members. This is the second federally insured credit union liquidation in 2011.


RSS





print
News Now LiveWire
#DDoS attacks shorter, intense, more expensive: @VERISIGN http://t.co/zDFTPgTqQM
1 hour ago
eCommerce sites at risk of hacking as well http://t.co/q7ANQPfx2g
1 hour ago
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
2 hours ago
#DDoS attacks can expose weaknesses that cybercriminals can exploit. http://t.co/8HGmDuCV9j
2 hours ago
.@voxdotcom asks: is 2015 the year Congress takes action on patent trolls? http://t.co/4vQ49fVP0W
2 hours ago