Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Electrical Workers #527 FCU Declared Insolvent
ALEXANDRIA, Va. (5/24/13)--Electrical Workers #527 FCU of Texas City, Texas, with 527 members and assets of $622,857, was declared insolvent Thursday by the National Credit Union Administration, which liquidated the credit union upon determining it had no prospect of restoring viable operations.

The credit union was chartered in 1963 and served a number of select groups centered primarily on electrical workers in the Texas City area.

It is the seventh federally insured credit union liquidation in 2013.

Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000 and within a week the NCUA's Asset Management and Assistance Center will issue checks to individuals holding verified share accounts.


RSS print
News Now LiveWire
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
39 minutes ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
2 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
2 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
3 hours ago
Need an #ICUDay focus? Try fundraising for charities, says @WOCCU #NewsNow http://t.co/M1OUjImOIu
3 hours ago