Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
ASI FCU Assumes Ochsner Clinic FCU Shares
ALEXANDRIA, Va. (7/1/13)--The National Credit Union Administration has liquidated New Orleans, La.-based Ochsner Clinic FCU, the agency announced Friday.  ASI FCU of Harahan, La., has assumed Ochsner Clinic FCU's members, deposits and loans.

It is the 10th federally insured credit union liquidation in 2013, NCUA said.

NCUA said it decided to liquidate the $9.25 million asset credit union and discontinue operations after determining the credit union was insolvent, with no prospect of restoring viable operations.

The new ASI FCU members will experience no interruption in services, NCUA said. Their accounts remain insured up to $250,000 by the National Credit Union Share Insurance Fund.

Ochsner Clinic FCU, which was chartered in 1973, served a number of select group centered primarily in the medical profession in the New Orleans area.  It served 3,099 members.

Neither Ochsner Clinic Foundation nor Ochsner Health System owns, manages or oversees the credit union, which is an independent entity, said NCUA.


RSS print
News Now LiveWire
96 #creditunions across Britain have applied for funding from Lloyds Banking Group #CreditUnion Development Fund http://t.co/quq3OEE0Qq
9 hours ago
Eight new ideas hatched from @fileneresearch innovation incubator #NewsNow http://t.co/h6Ev6q3HnQ
9 hours ago
Homebuilder confidence continues to climb #NewsNow #Market http://t.co/UTBSpmoeZD
11 hours ago
Mich. league issues 4th consecutive dues rebate #NewsNow http://t.co/MGxMRRLrkb
12 hours ago
Passwords: It's not what you type, it's *how* you type via @Forbes http://t.co/QsPjmGjA4K
13 hours ago