The NCUA has placed the $125 million AM Community Credit Union in conservatorship and assumed control of service and operations of the Kenosha, Wis., institution.
Deposits remain protected by the NCUSIF and the conservatorship of the state-chartered, federally insured credit union was executed in cooperation with the Wisconsin Office of Credit Unions, the NCUA said Friday night.
AM Community Credit Union has four locations, approximately 16,000 members and serves anyone who works for Chrysler Corp. or lives or works in Kenosha or Racine counties.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
