Trusted News for Credit Union Leaders • May 21, 2013
Saying that it is "insolvent and has no prospect for restoring viable operations," the NCUA on Friday liquidated the $1 million St. James AME Federal Credit Union in Newark, N.J.
North Jersey FCU immediately purchased the assets of St. James AME FCU.
North Jersey FCU, headquartered in Totowa, N.J., has assets of $194 million and more than 29,700 members. A.M.E. FCU had 831 members.
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
Credit Union Times is the nation’s leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.
Sarah Cooke 
Don Shoultz 
Marc Rapport 
