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Small Illinois CU Liquidated

ALEXANDRIA, Va.-NCUA announced earlier this month its decision to liquidate Puerto Rican Society Federal Credit Union of Waukegan, Ill., which began Jan. 30. Members of the small, federally chartered credit union have already been mailed checks for their deposits. Puerto Rican Society FCU, chartered by NCUA in 1960, had just...

By Staff Writer | Updated on February 18, 2003

ALEXANDRIA, Va.-NCUA announced earlier this month its decision to liquidate Puerto Rican Society Federal Credit Union of Waukegan, Ill., which began Jan. 30. Members of the small, federally chartered credit union have already been mailed checks for their deposits. Puerto Rican Society FCU, chartered by NCUA in 1960, had just 200 members and only $379,589 in assets at the time of the liquidation.

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