HARRISBURG, Pa. - (02/06/06) -- In another failure of a communitydevelopment credit union, NCUA said Friday it closed down andliquidated Greater Harrisburg Community CU, after efforts to find amerger-mate were unsuccessful. The tiny CDCU was chartered in 2001to serve residents of Dauphin County, surrounding the state capita,most of them in low income communities. NCUA said the young creditunion, with just 1,600 members and $1.6 million in assets, wasinsolvent and had no prospects of returning to financial viability.The credit union had assistance from several non-member depositors,including PNC Bank, which contributed a $100,000 deposit. GreaterHarrisburg Community CU joins the list of other prominent CDCUfailures over the past two years, including Hacienda Community CU,Randolph County FCU, KO-AM FCU, Nor-Car FCU, Oasis Community FCUand D. Edward Wells FCU.
-
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
1h ago -
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
3h ago -
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
4h ago -
As banks consider their strategies, other big names are also considering a role for digital assets.
5h ago -
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
6h ago -
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
8h ago