HeritageWest Federal Credit Union Members Now Served by Chartway Federal Credit Union

NCAU Press Release ^ | 1/8/10

[FromLori]

The National Credit Union Administration (NCUA) today liquidated HeritageWest Federal Credit Union of Tooele, Utah, and accepted Chartway Federal Credit Union’s offer to purchase and assume the credit union.

Chartway Federal Credit Union purchased and assumed HeritageWest Federal Credit Union’s assets, loans and shares, enabling HeritageWest members to continue to receive uninterrupted credit union service. HeritageWest Federal Credit Union’s declining financial condition led to its closure and subsequent purchase and assumption by Chartway Federal Credit Union. At closure, HeritageWest Federal Credit Union had $311 million in assets and served 40,000 members.

[FromLori]

Credit Unions going under hang on a second I'll include a couple more failures.

[FromLori]

ping see also

Kern Central Credit Union Closes; Members Now Served By Self-Help Federal Credit Union

http://www.ncua.gov/news/press_releases/2010/MR10-0108.htm

Failed Bank Information
Information for Horizon Bank, Bellingham, WA

http://www.fdic.gov/bank/individual/failed/horizon-wa.html

[ColdOne]

Every Friday quietly they slowly close down our banks. Mind you it is for our own good.

[FromLori]

State banking crisis impacting metro, rural banks

http://www.ajc.com/business/state-banking-crisis-impacting-271195.html

[ColdOne]

Thank you for the link. I am not a smart one but the way I read this it is hitting alot of people.

[PAR35]

I think I read the other day that 20 some credit unions failed last year. Unlike the FDIC, the NCUA usually keeps it quiet.

So much for the folks who were saying to take your money out of banks and put it in credit unions so it would be safe.