DENVER — In addition to ENT Credit Union here, Credit Union Times has learned that Bellco Credit Union and Public Service Credit Union are the two other credit unions in the initial NCUA announcement to be interested in the purchase and assumption of Norlarco Credit Union in Fort Collins.
|Norlarco, steeped in losses from real estate loans made in Southeastern Florida home developments in Lehigh Acres and Cape Coral remains in conservatorship and controlled by the agency. The credit unions are now conducting due diligence and are expected to submit their bids in line with NCUA's schedule to complete the sale of Norlarco by early December.
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