The Wisconsin Office of Credit Unions liquidated the $8.4 million Wausau Postal Employees CU of Wausau, Wis., on Friday and appointed the NCUA liquidating agent.
It is the fourth federally insured credit union liquidation this year.
The federal regulator immediately signed an agreement with the $1 billion CoVantage CU of Antigo, Wis., to purchase and assume Wausau Postal's assets, liabilities and membership. CoVantage, a state-chartered credit union, has more than 74,000 members with a field of membership that includes several counties in Wisconsin and two in Michigan.
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? Sign In
© 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.
