conservatorship

• NCUA Conserves Chetco FCU in Oregon

  By Claude R. Marx  |  September 23, 2011

  The NCUA announced Friday it was placing the $333 million Chetco FCU of Brookings Harbor, Ore., into conservatorship.

• AEA FCU Call Report Reveals Setbacks

  By Natasha Chilingerian  |  August 5, 2011

  Net worth ratio barely budges, loan charge-offs hit $32.2 million for past six quarters.

• NCUA Appointed Conservator for Saguache County CU

  By Claude R. Marx  |  July 22, 2011

  Colorado CDCU records $204,779 loss in second quarter.

• NCUA Conserves Borinquen FCU in Philadelphia

  By Claude R. Marx  |  June 24, 2011

  Less than a month after issuing a cease and desist order, the NCUA conserved Borinquen Federal Credit Union of Philadelphia on Friday.

• BCT FCU Conserved

  By Marc Rapport  |  June 20, 2011

  The $52 million BCT Federal Credit Union in Binghamton, N.Y., was placed in conservatorship on June 10 by the NCUA.

• Magnolia FCU Purchases Valued Members FCU

  By Claude R. Marx  |  June 1, 2011

  Both in Jackson, Miss.; $9 million Valued Members was conserved by NCUA in early May.

• More Indictments and Lawsuits in Wake of St. Paul Croatian FCU Collapse

  By Claude R. Marx  |  May 23, 2011

  More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.

• Grand Jury Indicts Seven More in St. Paul Croatian FCU Fraud

  By Claude R. Marx  |  May 13, 2011

  Indictments added to nine already charged in Cleveland credit union failure.

• AEA FCU Business Loan Fraud Trial Set For 2012

  By Michelle A. Samaad  |  May 5, 2011

  Former vice president, wife, associate accused in apparent $1 million kickback scheme.

• Brouhaha Shadows Improvements At Conserved Arrowhead CU

  By Jim Rubenstein  |  May 4, 2011

  It’s been 10 months since the NCUA’s takeover of the once $900 million Arrowhead Credit Union of California, but the efficacy of the conservatorship continues to rankle many in the industry.