Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Visions FCU assumes BCT FCU assets after liquidation
ALEXANDRIA, Va. (12/1/11)--Visions FCU of Endicott, N.Y., has assumed the assets, liabilities, and member shares of Binghamton, N.Y.-based BCT FCU after the National Credit Union Administration (NCUA) liquidated BCT on Wednesday.

The NCUA said it made the decision to liquidate the 3,900 member, $41.3 million in deposits credit union "after determining the credit union was insolvent and has no prospect for restoring viable operations on its own." BCT FCU served the educational community in New York's southern tier for 67 years.

BCT FCU was placed into conservatorship by the NCUA in June. It is the 13th credit union liquidation in 2011.

Visions FCU holds $2.7 billion in assets and has approximately 127,000 members.

RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting
1 Day ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa
1 Day ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST #FinancialLiteracyMonth
1 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
4 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA
4 hours ago