NCUA Liquidates Randolph CountyFCU

Register now

ALEXANDRIA, Va. - (03/29/05)–NCUA has liquidated RandolphCounty FCU of Elkins, W.Va. NCUA’s Asset Management andAssistance Center will issue checks representing share deposits tothe approximate 470 Randolph County FCU members within one week.NCUA made the decision to liquidate Randolph County FCU anddiscontinue its operations after determining the credit union isinsolvent and has no prospects of restoring viable operations. Atthe time of liquidation, the credit union had approximately$896,000 in assets. The credit union was chartered in 1953 to servethe community of Elkins, West Va.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER