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Monday, January 7, 2013

17 Credit Unions Closed During 2012


Failed Credit Unions

The NCUA liquidated and sold Chetco Federal Credit Union of Harbor, OR on December 28, 2012. The NCUA liquidated and closed Olean Tile Employees Federal Credit Union of Olean, NY on December 17, 2012. Credit union closings for 2012 were 17.

9 have been liquidated and closed
* Olean Tile Employees Federal Credit Union of Olean, NY
* G.I.C. Federal Credit Union of Euclid, OH
* Border Lodge Credit Union of Derby Line, VT
* Women’s Southwest Federal Credit Union of Dallas, TX
* U.S. Central Bridge Corporate FCU of Lenexa, KS
* El Paso’s Federal Credit Union of El Paso, TX
* United Catholic Credit Union of Temperance, MI
* Western Bridge Corporate FCU of San Dimas, CA
* Shepherd’s Federal Credit Union of Charlotte, NC

6 have been liquidated and sold
* Chetco Federal Credit Union of Harbor, OR
* Telesis Community Credit Union of Chatsworth, CA
* Wausau Postal Employees Credit Union of Wausau, WI
* Saguache County Credit Union of Moffat, CO
* People Community Development Credit Union of Philadelphia, PA
* A M Community Credit Union of Kenosha, WI

2 have been liquidated and merged
* Trinity Credit Union, Trinidad, CO
* Eastern New York Federal Credit Union of Napanoch, NY

States where credit unions were closed by the NCUA in 2012 (in alphabetical order): California 2, Colorado 2, Kansas 1, Michigan 1, New York 2, North Carolina 1, Ohio 1, Oregon 1, Pennsylvania 1, Texas 2, Vermont 1, Wisconsin 2.

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