The NCUA announced late Friday that after 15 months in conservatorship, it will liquidate the $259 million Chetco FCU of Harbor, Ore., effective Dec. 31.
Assets will be split between two successful bidders: the $960 million Coast Central Credit Union of Eureka, Calif., and the $583 million Rogue FCU of Medford, Ore.
The 56,000-member Rogue will purchase and assume Chetco's five Oregon branches and memberships, while the 55,000-member Coast Central will purchase and assume the Crescent City, Calif. branch and California memberships.
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