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
Ohio Regulator Closes Taupa Lithuanian CU
ALEXANDRIA, Va. (7/16/13)--The Ohio Division of Financial Institutions liquidated the Taupa Lithuanian CU of Cleveland Monday and appointed the National Credit Union Administration as liquidating agent.

The Ohio regulator decided to close the $23.6 million-asset credit union and discontinue its operations after determining the credit union had no prospect for restoring viable operations. Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. 

Taupa Lithuanian had served 1,154 members and was chartered in 1984 to serve the Lithuanian community of Cleveland and Northeast Ohio.

NCUA's Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union within one week. 

Taupa Lithuanian CU is the 11th federally insured credit union liquidation in 2013.


RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
16 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
17 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
17 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
20 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
23 hours ago