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
Tiny Interfaith FCU closed
ALEXANDRIA, Va. (9/18/08)—Interfaith FCU of East Orange, N.J., had approximately $388,000 in assets and 370 when it was closed by the National Credit Union Administration (NCUA) recently. It is the tenth federal credit union to be closed by the agency this year. Announcing the liquidation Wednesday, the NCUA said its Asset Management and Assistance Center will issue checks within a week to individuals holding verified share accounts. The agency reiterated that the members’ deposits are insured to at least $100,000 on regular accounts and $250,000 on certain retirement accounts through the NCUA National Credit Union Share Insurance Fund. The federal regulator liquidated Interfaith FCU and discontinued its operations after determining the credit union is insolvent and has no prospects of restoring viable operations. The credit union was chartered in 1982 to serve New Hope Baptist Church.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago