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News Now

Washington
Fairfield County Ohio Federal Employees FCU closed
ALEXANDRIA, Va. (12/1/09)--The National Credit Union Administration (NCUA) Monday announced the liquidation of $1.5 million-asset Fairfield County Ohio Federal Employees FCU of Lancaster, Ohio. This is the 14th federally insured credit union liquidation of 2009. Chartered by the NCUA in 1957 to serve employees of the U.S. government working in Fairfield County, Ohio, the credit union served 747 members at the time of its closing. The NCUA said it liquidated the credit union and discontinued its independent operations after determining it was insolvent and had no prospects for restoring viable operations. The NCUA Asset Management and Assistance Center will issue checks within one week to individuals holding verified share accounts and reminded that member accounts are insured to at least $250,000 by the National Credit Union Share Insurance Fund.


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