Asset Management and Assistance Center

• 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.

• 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.

• 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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  Filson’s Demand: Show Me the Money

  By Heather Anderson  |  March 8, 2013

  Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...

• NCUA: U.S. Central’s CLF Stock Used to Pay Out Share Deposits

  By Heather Anderson  |  March 7, 2013

  Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.

• 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.

• NCUA Liquidates Former Feminist Southwest FCU

  By Heather Anderson  |  November 1, 2012

  Dallas credit union had $2 million in assets, 743 members.

• NCUA Seizes, Liquidates $5 Million El Paso’s FCU

  By Heather Anderson  |  October 1, 2012

  The regulatory clock ran out on $5 million El Paso’s Federal Credit Union of El Paso, Texas last week.

• Michigan Regulators Allege Criminal Activity, Shut Down Small Credit Union

  By Heather Anderson  |  August 9, 2012

  Michigan Office of Financial Insurance Regulation on Thursday closed the $303,261 United Catholic Credit Union in Temperance, a one-person shop.

• Credit Unions Geared Up to Flex Their Political Muscles in 1990

  By Claude R. Marx  |  March 24, 2010

  Credit unions sowed the seeds for future political wins by planning a rally on the National Mall while President George H.W. Bush sowed the seeds for the demise of much of his support among conservatives by reversing his pledge not to raise taxes.