Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Trinity CU taken under NCUA conservatorship
ALEXANDRIA, Va. (7/30/12)--Trinidad, Colo.-based Trinity CU has been taken under conservatorship, the National Credit Union Administration (NCUA) announced Friday.

The Colorado Division of Financial Services placed the $4 million asset, 1,100-member credit union into conservatorship and appointed the NCUA as conservator last week.

The credit union is in troubled financial condition, and the NCUA said it would work to resolve safety and soundness issues at the credit union. The credit union will provide normal member services during the conservatorship, the NCUA said.

Trinity was founded in 1939 to serve the members of Trinidad's Holy Trinity Parish, but has expanded its charter to serve residents of Las Animas County, Colo.
Other Resources

RSS print
News Now LiveWire
#NewsNow: @CFPB offers tips for consumers who think their credit/debit cards have been hacked.
14 hours ago
See who's 1st to earn @CUNA's new biz development designation #NewsNow
16 hours ago
Joe Bergeron, president/CEO of the Association of Vt. CUs, has been re-elected to the board of the @NCBACLUSA
16 hours ago
NCUA reminds: CU managers/directors looking to improve leadership skills still can register 4 Leadership Boot Camps.
16 hours ago
Australia's Customer Owned Banking Association is @fileneresearch 's latest Gold benefactor.
18 hours ago