liquidations

• NCUA Pulls the Plug on $13.8M Lynrocten FCU Amid Criminal Probe

  By Heather Anderson  |  May 3, 2013

  Lynchburg, Va., police reported investigating allegations of missing funds, fraudulent loans.

• Financials Don’t Reveal Why NCUA Liquidated Shiloh of Alexandria

  By Heather Anderson  |  April 13, 2013

  As of Dec. 31, Shiloh of Alexandria FCU reported 16.52% net worth, 1.08% delinquent loans, no charge offs and ROA of 1.37%.

• Kinecta Assumes I.C.E. FCU Assets in P&A Deal

  By Heather Anderson  |  March 20, 2013

  Billion-dollar Los Angeles credit union picks up pieces of small counterpart shuttered by NCUA last week.

• California Closings: NCUA in Second Liquidation of the Day

  By Marc Rapport  |  March 15, 2013

  The $652,000 Pepsi Cola FCU in Buena Park joined the $3.4 million I.C.E. FCU in Englewood as third, fourth closures of 2013.

• NCUA Shuts Down Small California Credit Union

  By Heather Anderson  |  March 15, 2013

  The $3.4 million I.C.E. FCU served Inglewood city employees and had 942 members, posting annual losses since 2009.

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  Mergers Will Continue to Cull the CU Herd: Print Preview

  By Robert McGarvey  |  February 21, 2013

  Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.

• Church-Based Michigan Credit Union Closed, Liquidated

  By Heather Anderson  |  February 19, 2013

  Detroit's Amez United CU had 158 members and $168,865 in assets, and a lot of delinquent loans.

• Chetco FCU First NCUA Liquidation of 2013

  By Heather Anderson  |  January 9, 2013

  After 15 months in conservatorship, the NCUA liquidated the $259 million Chetco FCU of Harbor, Ore., effective Dec. 31.

• Tiny Church CU Is 2013’s First Liquidation

  By Heather Anderson  |  January 7, 2013

  New Covenant Missionary Baptist Church Credit Union in Milwaukee had 294 members, $585,000 in assets.

• Chetco FCU Liquidated, Assets Split Between CUs in Oregon and California

  By Heather Anderson  |  December 28, 2012

  Pacific Coast border community credit union shut down after 15 months in conservatorship.