Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Land of Enchantment FCU closed by NCUA
ALEXANDRIA, Va. (3/8/11)--Land of Enchantment FCU, established in 1951 to serve the employees of the New Mexico Department of Public Welfare, was closed yesterday by the National Credit Union Administration (NCUA). It had approximately $8.6 million in assets and served 1,593 members. Guadalupe CU, based in Sante Fe, as was Land of Enchantment, purchased and assumed the liquidated credit union’s assets, liabilities and members. Former members of Land of Enchantment will experience no interruption in credit union service, and their accounts, of course, remain federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund. Guadalupe CU has $102 million in assets and serves approximately 10,500 members. NCUA assumed control of operations at Land of Enchantment FCU with a goal of continuing credit union service to the members at a safe, sound credit union. This was the fifth federally insured credit union liquidation in 2011.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago