Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
No closed NCUA session Noralco bid still pending
ALEXANDRIA, Va. (12/11/07)—The National Credit Union Administration (NCUA) has no closed meeting scheduled for this week, although its online calendar published earlier in the year notes such a session. It is routine for a closed board session to follow an open board meeting and observers of the acquisition efforts surrounding Norlarco CU of Fort Collins, Colo. had been watching to see if the board took the opportunity of a December closed meeting to consider bids submitted by three credit unions. According to reports, Bellco CU, Greenwood Village; Ent CU, Colorado Springs; and Public Service Employees CU, Denver, have submitted bids to the NCUA. Colorado state regulators placed Norlarco into conservatorship in May after a number of construction loans it issued in Lee County, Fla., became delinquent. In July, the NCUA took control of the credit union and removed its board of directors. Norlarco's delinquent loans totaled more than $65 million.


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
17 minutes ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
39 minutes ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
1 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
2 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
3 hours ago