The NCUA said Friday afternoon it has liquidated its secondcredit union of the day, another small California operation.
|The $652,000 Pepsi Cola FCU in Buena Park, Calif., had beenserving company employees for 57 years but no longer was solventand had no prospect for restoring viable operations, the agencysaid.
|The credit union lost $3,299 in 2012, according to its 5300 CallReport.
|Earlier Friday, the agency liquidated the $3.4 million, I.C.E. FCU in Englewood, Calif., after it posted a $17,947 lossin 2012.
|Four federally insured credit unions now have been liquidatedso far this year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
