Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
3.7M-asset Texas CU becomes 16th 2010 liquidation
ALEXANDRIA, Va.--Phil-Pet FCU, Pampa, Texas, became the 16th credit union liquidation of the year when the National Credit Union Administration (NCUA) liquidated the $37 million-asset credit union. The credit union was determined by the NCUA to be insolvent and the agency’s Asset Management Assistance Center will transfer share accounts to Pantex FCU of Borger, Texas. Pantex, a full-service credit union, also has branches in Pampa, as well as in Fritch. It has $216.8 million in assets and serves approximately 15,939 members in the Texas Panhandle. Phil-Pet, chartered in 1940, served 765 members. It is the 26th credit union failute of the year. There have been 132 bank failures in 2010.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
15 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
15 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
16 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
17 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
19 hours ago