Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER — With millions at stake, credit unions began lining up before a U.S. Bankruptcy Court here last week to make claims against Centrix Financial, LLC, the troubled subprime indirect lender that filed for Chapter 11 bankruptcy protection on Sept. 19. The actual number of CUs making claims remained unclear last week, but documents filed in a Reno court two weeks ago list 21 CUs owed $25 million in unsecured claims and are counted in a creditor group of the 30 largest creditors.

The 21 CUs have claims ranging from the highest, $6.1 million owed to Credit Union of Texas in Dallas, down to $440,000 by Allegacy Federal Credit Union of Winston-Salem, N.C.

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 © 2022 ALM Media Properties, LLC. All Rights Reserved.