NCUA Liquidates Randolph CountyFCU

March 29, 2005, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (03/29/05)NCUA has liquidated RandolphCounty FCU of Elkins, W.Va. NCUAs 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

Tariffs

Policy uncertainty still looms for bankers and investors

Panelists speaking at American Banker's Most Powerful Women in Banking conference said they appreciate the deregulatory efforts under way under Trump, but said clarity on tariffs and rules of the road for emerging technologies would unlock future growth.

By Ebrima Santos Sanneh

9m ago
Real-time payments

Government pitches disaster relief as a use case for FedNow

Five years after the government struggled to disburse pandemic relief checks, the Fed is using improved processing for emergency funds as a reason for banks to get onboard with FedNow.

By John Adams

56m ago
Fintech

Revolut, SumUp make moves in Mexico

Revolut receives a banking license, while SumUp introduces its payments hardware. That and more in the American Banker global payments and fintech roundup.

By John Adams

1h ago
Litigation

DOJ opposes CFPB union's request for rehearing on firings

The Department of Justice has filed a motion opposing the Consumer Financial Protection Bureau employee union's appeal of an August D.C. Circuit ruling allowing the administration to fire up to 90% of the agency's workforce.

By Kate Berry

2h ago
Consumer banking

Citi has 'moved on' from credit card complaints, exec says

Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.

By Nathan Place

3h ago
De novo institutions

Organizers eye February opening for Atlanta-area de novo

The president of the planned Georgia Skyline Bank says he's cautiously optimistic that his group can raise $35 million of startup capital in time for an opening early next year.

By John Reosti

6h ago