Placed into conservatorship Jan. 24 with 9.49% net worth, the $13.4M Kansas credit union was liquidated Friday.
Financial reports show no sign of financial distress.
The Florida credit union, which voluntarily entered into conservatorship in 2009, has increased net worth to 4.07%.
As of year-end 2012, WesCorp’s estimated losses were $5.7 billion, representing 84.4% of the nearly $6.8 billion in total estimated legacy asset losses.
NCUA steps in following reports indicating dismal financial conditions at Trinity CU.
From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.
Conserved Dallas credit union hopes those types of loans will help with its comeback after commercial lending losses forced conservatorship.
A year after financial troubles led to its conservatorship, Texans Credit Union's fiscal health appears to be improving.
ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
AM Community Credit Union in Kenosha has four locations, approximately 16,000 members and $125 million in assets.