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 works on checks to St. Paul Croatia members
ALEXANDRIA, Va. (5/7/10)—The National Credit Union Administration (NCUA) confirmed Thursday that progress is being made sorting out “recordkeeping difficulties” at the recently liquidated St. Paul Croatia FCU, and former members can expect reimbursement checks for their deposits soon. The Eastlake, Ohio-based credit was officially closed by the NCUA on May 1, about a week after it was placed into conservatorship by the agency. St. Paul's held $238.8 million in funds from 5,400 members at the time of its closing. The NCUA said it hoped to have checks to members “perhaps in the next few days.” When it closed the credit union, the NCUA said in a release that St Paul’s was insolvent and had "no prospects for restoring viable operations."


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
13 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
14 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
19 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
20 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
22 hours ago