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 named conservator of Calif.s Tracy FCU
ALEXANDRIA, Va. (3/23/10)—The National Credit Union Administration (NCUA) has been named conservator of Tracy, Calif.-based Tracy FCU to ensure safe and sound credit union operations and continuing service to members. The NCUA announced the action late last week. In a release, the NCUA said that Tracy FCU, which holds $24 million in assets from 5,900 members, will “continue to conduct normal financial transactions” such as deposits, loan payments, and share drafts. All accounts at the credit union are covered up to $250,000. The NCUA has intervened in the affairs of six credit unions so far this year, resulting in three supervisory mergers, and three involuntary liquidations. The NCUA last week reported that there are 337 CAMEL Code 4 and 5 credit unions as of last month, with 111 credit unions in Tracy FCU’s bracket of $10 million to $100 million in assets.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
6 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
8 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
10 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
10 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
12 hours ago