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Second Credit Union Liquidation Of 2011

Wednesday, February 16, 2011 - 11:29 AM
From a Feb 15th NCUA press release:
The National Credit Union Administration (NCUA) today placed Family First Federal Credit Union of Orem, Utah, into liquidation and Security Service Federal Credit Union of San Antonio, Texas, purchased and assumed Family First’s assets, liabilities and members.

Unlike the FDIC, the NCUA doesn't wait for Fridays.

Security Service FCU is expanding quickly into Utah. It was just last December that they took over the branches of the liquidated Beehive Credit Union in Utah.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634