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12Th Credit Union Liquidation Of 2010 - Certified FCU In California

Monday, August 2, 2010 - 6:11 PM
The NCUA issued this press release announcing the liquidation of Certified Federal Credit Union on July 31st.
Certified’s declining financial condition led to its closure and subsequent purchase and assumption. At closure, Certified had $37.6 million in assets and served over 8,580 members. Certified is the 12th federally insured credit union liquidation in 2010.

It appears that no members lost any deposits, but the NCUA isn't clear if members with over the NCUA limit lost any. The NCUA arranged for Vons Employees Federal Credit Union to assume the assets and liabilities.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800