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26155 Euclid Avenue Euclid, OH 44132 1/800-591-8848  |
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ALEXANDRIA, Va. (Dec. 13, 2012) – The National Credit Union Administration (NCUA) today liquidated G.I.C. Federal Credit Union of Euclid, Ohio. NCUA made the decision to liquidate G.I.C. Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.
G.I.C Federal Credit Union member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA’s Asset Management and Assistance Center will transfer certain share accounts to Steel Valley Federal Credit Union of Cleveland. Steel Valley Federal Credit Union is a full-service credit union with more than $37.2 million in assets serving more than 7,800 members. For non-transferred accounts, NCUA’s Asset Management and Assistance Center will issue checks to individuals holding verified accounts in the credit union within one week.
G.I.C Federal Credit Union member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA’s Asset Management and Assistance Center will transfer certain share accounts to Steel Valley Federal Credit Union of Cleveland. Steel Valley Federal Credit Union is a full-service credit union with more than $37.2 million in assets serving more than 7,800 members. For non-transferred accounts, NCUA’s Asset Management and Assistance Center will issue checks to individuals holding verified accounts in the credit union within one week.
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From the December 13th NCUA press release The National Credit Union Administration (NCUA) today liquidated G.I.C. Federal Credit Union of Euclid, Ohio. NCUA made the decision to liquidate G.I.C. Federal Credit Union and discontinue operations after determ
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