Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Minnesota CU assumes A M Communitys members assets
ALEXANDRIA, Va. (8/2/12)--TruStone Financial FCU, Plymouth, Minn., has purchased and assumed the members, deposits, core facilities, and consumer loans of A M Community CU, Kenosha, Wis., the National Credit Union Administration (NCUA) announced on Wednesday.

The Wisconsin Office of Credit Unions and NCUA moved to liquidate the Kenosha credit union after it failed to resolve its financial issues. The credit union was placed into NCUA conservatorship in February.

A M Community, which held $121.8 million in assets and served 15,993 members, was chartered in 1933 and served Chrysler Corporation employees and residents of Kenosha and Racine counties. It is the seventh federally insured credit union to be liquidated this year, the NCUA said.

Members of A M Community CU will now be served by TruStone Financial, and will receive no interruption in service. TruStone Financial holds $739 million in assets and has more than 60,000 members. The credit union serves members that live, work, worship, or go to school in the cities of Minneapolis and St. Paul, Minn., and other members of select employer groups.
Other Resources

RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
4 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
8 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
10 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
10 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
10 hours ago