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
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
#creditunions celebrate #EarthDay2015 by being green aware with e-statements, hosting shred events, planting trees
4 hours ago
From @WSJ: 33% of companies say it took them more than 1 yr to discover a data breach. http://t.co/a0MxV68X6t http://t.co/lkglx6WvKs
8 hours ago
.@CAMCouncil taps into @MICreditUnions' career, tech training resources http://t.co/sotnfCUgIo
9 hours ago
#Inflation ticks up in March, still relatively flat #NewsNow #Market http://t.co/PyAvwdkJ4M
9 hours ago
#NewsNow Ill. league groups elect board, exec officers http://t.co/KAG8MtbGsv
10 hours ago