Nearly seven months after it was placed into conservatorship because of safety and soundness issues, the $1.4 million Cory Methodist Church Credit Union in Cleveland was merged into the $60.5 million Eaton Family Credit Union of Euclid, Ohio Thursday, the NCUA said.
The NCUA was appointed the conservator for the credit union earlier this year.
On February 4, the Ohio Department of Commerce Division of Financial Institutions in Columbus placed Cory Methodist Church CU into conservatorship to protect its assets, members, depositors and creditors.
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.
