X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, Va.-NCUA, working with the Pennsylvania Department of Banking, determined that Greater Harrisburg Community Credit Union was insolvent and shut it down. The agencies found that the relatively new institution had “no prospects of restoring viable operations.” According to a statement from NCUA, “Efforts to extend credit union service to members of Greater Harrisburg Community CU through merger or acquisition with another credit union were unsuccessful. Liquidation was considered the only viable option and is enacted only as a last resort.” Greater Harrisburg Community CU, federally insured up to $100,000 per account, had $1.6 million in assets and approximately 1,600 members at the time of liquidation. NCUA planned to distribute checks to members for their share deposits within three business days. The credit union was chartered in 2001 to serve the community of Harrisburg, Pa.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.