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
2.6M-asset FCU in Pa. is liquidated
ALEXANDRIA, Va. (3/8/10)—With $2.6 million in assets and 1,085 members, Lawrence County School Employees FCU(Lawrence FCU) of New Castle, Pa. was liquidated by the National Credit Union Administration Friday. This is the fourth federally insured credit union liquidation in 2010. First Choice FCU, also of New Castle, purchased and assumed a portion of Lawrence FCU’s assets, loans and shares, enabling Lawrence FCU’s members to receive uninterrupted service. The NCUA announcement said the agency retained the remaining assets, loans, and shares, and it attributed the liquidation to Lawrence FCU’s “declining financial condition.” The purchaser, $22.3 million-asset First Choice, is described as a full-service credit union with a broad array of financial services. It already served approximately 4,415 members who either live, work, worship, or attend school in Lawrence County or work for one of the companies in its field of membership.


RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
8 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
8 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
12 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
14 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
18 hours ago