U.S. Central HQ Is Sold

Published April 22, 2013, 9:08 a.m. EDT

|

Updated August 26, 2020, 10:21 p.m. EDT

1 Min Read

LENEXA, Kan.-NCUA has closed on the sale of U.S. Central's former headquarters, months after winding down the operations of the one-time $52-billion central bank for CUs. The 129,321-square-foot building at 9701 Renner Blvd. in this Kansas City suburb was sold to Kiewit Power Constructors, which operates construction, mining and engineering businesses in three countries.

Processing Content

The agency confirmed the March 25 transaction, but declined to disclose any of the details, including the sale price. Proceeds from the sale are expected to go toward costs related to the corporate failures.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Community banking

Citing bad loans, USDA bars a group of lenders from lending program

The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.

By John Reosti
Reporter

May 18
Artificial intelligence

OpenAI launches Plaid integration for ChatGPT Pro users

Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.

By Melinda Huspen
Tech Reporter

May 18
Fraud

Always-on fraud checks cut Suncoast's losses by a third

Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.

By Carter Pape
Technology Reporter

May 18
Wells Fargo

Wells Fargo settles lawsuit alleging hiring, lending discrimination

The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.

By Allissa Kline
Reporter

May 18
New York

First Trump, Now Mamdani; politicians stepping into payments

Whether red or blue, leaders share an affinity for battling fintech giants, as the liberal mayor is pressuring regulators to scuttle Western Union's plan to buy digital transfer Intermex, shortly following PayPal's 'DEI settlement' with the Trump administration.

By John Adams
Executive Editor, Payments

May 18
Agentic Commerce

Why JPMorgan Payments has been 'pretty quiet' on agentic commerce

Prashant Sharma, JPMorgan Payments' executive director of biometrics and identity solutions, spoke with American Banker about agentic commerce and how liability is shifting as a result of large language models.

By Joey Pizzolato
Reporter

May 18

Load More