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
SafeAmerica CU to take on liquidated Kaiser Lakesides members assets
ALEXANDRIA, Va. (9/2/09)--Oakland, Calif.-based Kaiser Lakeside CU early this week was acquired by SafeAmerica CU following a National Credit Union Administration (NCUA)-directed liquidation of the firm. According to an NCUA release, Pleasanton, Calif.’s SafeAmerica will assume the $24 million in assets and 3,500 members left behind by Kaiser Lakeside’s failure. SafeAmerica, which holds $315 million in assets from over 26,000 members, will now serve the former members of Kaiser Lakeside. Seven federally insured credit unions have liquidated and a further seven have merged with assistance as of August of 2009, an NCUA staffer told News Now. A total of 84 individual banks have failed during this calendar year, according to information available on the Federal Deposit Insurance Corporation’s Web site.
Other Resources

RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
16 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
17 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
17 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
18 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
18 hours ago