Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
First Kingdom Community FCU Placed Under NCUA Conservatorship
ALEXANDRIA, Va. (5/17/13)--First Kingdom Community FCU, Selma, Ala., has been taken under conservatorship, the National Credit Union Administration (NCUA) announced Thursday.

The NCUA said it will work to resolve safety and soundness issues at the 76-member, $88,400 asset credit union.

First Kingdom was chartered in 2007 and serves those who live, work, worship, or attend school in Dallas County, Ala.; businesses and other legal entities located in the county; spouses of persons who died while within First Kingdom's field of membership; employees of the credit union; volunteers in the community; members' immediate family or household; and organizations of such persons.

Members will not be able to conduct business at the credit union for the time being, but the NCUA said it is working on a solution to this issue.

For the full NCUA release, use the resource link.
Other Resources

NCUA Release
RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
17 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
17 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
20 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
20 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
22 hours ago