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
Mayfair FCU Placed Under NCUA Conservatorship
ALEXANDRIA, Va. (11/4/13)--Mayfair FCU, Philadelphia, Pa., was placed under National Credit Union Administration conservatorship on Friday.

The agency will work to resolve safety and soundness issues at the 1,527 member, $14.3 million asset credit union during the conservatorship. Normal member services at the main office at 2844 St. Vincent St. in Philadelphia will continue uninterrupted, but the credit union's branch at 2645 Orthodox St. in Bridesberg, Pa., will be closed, the NCUA said.

Chartered in 1936, Mayfair FCU serves a low-income community in Philadelphia. It is the fourth federally insured credit union placed into conservatorship this year.

For the full NCUA release, use the resource link.
Other Resources

NCUA Release
RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
11 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
13 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
14 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
16 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
17 hours ago