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
NCUA closes Comunidades FCU accounts assumed
ALEXANDRIA, Va. (9/23/09)— Water and Power Community CU Union of Los Angeles assumed the majority of the accounts of Comunidades FCU, also of Los Angeles, which was closed Tuesday by federal regulators. The Water and Power Community Credit Union share assumption, approved by the National Credit Union Administration (NCUA), assures that a majority of Comunidades members continue with uninterrupted credit union service. The NCUA said it closed Comunidades, a low-income commcredit union, because of a declining financial condition. It had $658,122 in assets and served 1,141 members. It is the sixth federally insured credit union liquidation in 2009. Water and Power Community CU, a full service institution, has $482.9 million in assets and serves approximately 52,340 members in and around the state of California, according to the NCUA. Its headquarters is located at 1053 W. Sunset Blvd., Los Angeles, California, and it has 6 branch locations and offers online transaction service as well.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
12 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
12 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
15 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
16 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
17 hours ago