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
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
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
3 hours ago
UK to invest in #creditunion services for military members http://t.co/iIaBT8vuJW
3 hours ago
Read about @cumagazine's third #creditunion hero http://t.co/SROZMgc0I7
3 hours ago
...#HR1480 passes 58-0; #HR1408 by 49-9; #HR1529 by 48-10; #HR685 by 43-12.
5 hours ago
@FinancialCmte passes @CUNA supported bills: #HR299 by 56-1; #HR601 by 56-0; #HR1195 by 53-5; #HR1265 by 56-2; #HR1259 by 56-2; (cont)...
5 hours ago