Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Small Ohio CU Serving Polish Veterans Liquidated By NCUA
ALEXANDRIA, Va. (11/25/13)--Polish Combatants CU, Bedford, Ohio, was shuttered by the Ohio Division of Financial Institutions on Friday, with the National Credit Union Administration serving as liquidating agent.

The NCUA in a release said the credit union was closed after regulators determined the credit union had no prospect for restoring viable operations.

The credit union, which was chartered in 1957 to serve Polish World War II veterans, had 52 members and held $120,450 in assets at the time of its closing. Polish Combatants CU is the 13th federally insured credit union liquidation of 2013, NCUA said.

Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA's Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union in the coming days.
Other Resources

NCUA Release
RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
2 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
2 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
5 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
7 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
8 hours ago