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
C-Plant FCU assumes IBEW Local 816 FCU shares after liquidation
ALEXANDRIA, Va. (8/15/14)--C-Plant FCU, of Paducah, Ky. with $178 million in assets, has completed the purchase and assumption of IBEW Local 816 FCU, also of Paducah, the National Credit Union Administration announced Thursday.

IBEW Local 816, which had $6 million in assets, was liquidated by the NCUA July 10 after the agency determined the credit union was insolvent and had no prospect for restoring viable operations. Former IBEW 816 members are now members of C-Plant, and the credit union has purchased the majority of IBEW's loan portfolio.

Originally chartered in 1951, C-Plant is a federally insured, community-chartered credit union with 15,062 members. C-Plant serves people who live, work, worship or attend school in Ballard, Graves, Livingston or McCracken counties in Kentucky.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
3 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
9 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
9 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
11 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
11 hours ago