liquidation

• NCUA Conserves Telesis Community, Liquidates Saguache County

  By Marc Rapport  |  March 24, 2012

  The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.

• NCUA Liquidates Philadelphia CDCU

  By Marc Rapport  |  February 19, 2012

  The NCUA on Sunday liquidated the $635,000 People for People Community Development Credit Union in Philadelphia.

• NCUA Liquidates Small Oregon CU

  By Marc Rapport  |  December 2, 2011

  The NCUA said Friday night that it had liquidated the $4.25 million O.U.R. Federal Credit Union in Eugene, Ore.

• NCUA Liquidates Borinquen FCU

  By Claude R. Marx  |  July 9, 2011

  Philadelphia closure follows cease-and-desist order; 11th liquidation by NCUA so far this year.

• NCUA Liquidates St. James AME FCU, Assets Purchased by North Jersey FCU

  By Claude R. Marx  |  June 24, 2011

  Newark CU had $1 million in assets, 831 members and "no prospect for restoring viable operations."

• 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.

• NCUA Sued Over Insurance Coverage in St. Paul Croatian Collapse

  By Claude R. Marx  |  May 16, 2011

  Couple say agency owes them $165,000; agency says payout should go to friends added to account to extend coverage.

• 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.