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NCUA shutters Calif.s Certified FCU
ALEXANDRIA, Va. (8/3/10)--The 8,850 members of $37.6 million in assets Certified FCU will now be served by Vons Employees FCU after the National Credit Union Administration (NCUA) officially liquidated Certified FCU on Saturday. Certified FCU, which was based in Commerce, Calif., was closed due to it’s declining financial condition, according to the NCUA. Vons is centered in nearby El Monte and holds $332 million in assets from 40,500 members spread throughout the greater Los Angeles area. Vons primarily serves employees of Vons supermarkets. All Certified FCU member accounts will continue to be backed by the National Credit Union Share Insurance Fund, the NCUA added. Certified FCU is the 12th federally insured credit union to be liquidated this year. For the full NCUA announcement, use the resource link.
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