First American Credit Union Closes
September 1, 2010, Alexandria, Va. -- 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 Files Amended Complaint for Losses at WesCorp
August 31, 2010, Alexandria, Va. – The National Credit Union Administration (“NCUA”) Board, in its role as
Conservator of Western Corporate Federal Credit Union (“WesCorp”), today filed an amended complaint with the
U.S. District Court for the Central District of California in a pending lawsuit as a result of losses at the
conserved corporate credit union.
Temporary Corporate Credit Union Share Guarantee Program Extended
August 31, 2010, Alexandria, Va. – The National Credit Union Administration has extended the expiration date
of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from September 30, 2012, to
December 31, 2012.
Net Worth Holds Steady
August 30, 2010, Alexandria, Va. – Credit unions continue to welcome new members, while helping many existing members overcome financial stress, according to second-quarter Call Reports from America‟s 7,445 federally insured credit unions.