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14th Credit Union Liquidation Of 2010: First American Credit Union In WI

Thursday, September 2, 2010 - 5:17 AM
From a September 1st NCUA press release:
The National Credit Union Administration (NCUA) was appointed liquidating agent of First American Credit Union of Beloit, Wisconsin by the Wisconsin Office of Credit Unions on August 31, 2010.

NCUA immediately signed an agreement with First Community Federal Credit Union of Parchment, Michigan, to assume the assets and liabilities of First American Credit Union. First American Credit Union’s members will experience no interruption of credit union service.

Note, I think there's a mistake in the press release. At the end it says First American is the 15th liquidation of 2010. This contradicts their closed credit union list which shows 14.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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