Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
N.J.s St. James A.M.E. FCU becomes tenth NCUA liquidation
ALEXANDRIA, Va. (6/27/11)--St. James A.M.E. FCU of Newark, N.J. became the tenth federally insured credit union to be liquidated this year, the National Credit Union Administration announced Friday. North Jersey FCU of Totowa, N.J., a full-service institution with $194 million in assets and more than 29,700 members, immediately assumed St. James A.M.E. Federal Credit Union’s members and those members experienced no interruption in credit union services. The NCUA liquidated St. James after determining the credit union was insolvent and had no prospect for restoring viable operations on its own. At the time its liquidation, the credit union served 831 members and had deposits of approximately $1 million. St. James was chartered in 1946 and originally served embers of the St. James African Methodist Episcopal Church in Newark. Membership was expanded to include members of the Greater Mt. Teman A.M.E. Church in Elizabeth, N.J., in 1994.


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
17 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
20 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
20 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
21 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
21 hours ago