Credit Unions
Home Credit Union Search News and Articles Credit Union Jobs Financial Calculators What is a Credit Union?
October 29, 2009 - Credit Union Member News

Share/Save/Bookmark


NCUA Takes Over Second Baptist Church Credit Union - October 29, 2009The National Credit Union Administration was appointed liquidating agent of the Second Baptist Church Credit Union of Los Angeles by the California Department of Financial Institutions on October 28, 2009.

Prosperity Credit Union of Rancho Domingue, California, purchased and assumed Second Baptist Church’s loans and shares, which enables its 340 members to continue to receive uninterrupted credit union service. Established in 1955 to serve Second Baptist Church employees and members, the credit union was closed because it is insolvent. This is the 12th federally insured credit union liquidated in 2009.

Prosperity Federal Credit Union has $14.4 million in assets and serves approximately 2,900 members. It is located at 2200 West Aratesia Blvd., Suite 206, Rancho Domingue, California. Member accounts are federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

Leave a Comment...


Comments containing external links to non-governmental websites will not be approved for posting.
blog comments powered by Disqus

Credit Unions Online

Credit CARD Act Begins Taking Effect August 20, 2009Credit CARD Act Begins Taking Effect August 20, 2009
August 19, 2009

Two provisions of the Credit CARD Act of 2009, aimed at protecting consumers, become effective on August 20, 2009.

|   Home   |   Find Credit Union Locations   |   Credit Union News   |   Credit Union Jobs   |   Loan Calculators   |   About Us   |   Privacy Policy   |   Update Credit Union   |   Advertise   |


|   Credit Union Member News   |   CU 50 Plus   |   Univeristy Hound - University Directory University Hound   |

|   Credit Union Clip Art   |   Credit Union Articles   |   Credit Union Youth Programs   |    Sitemap    |


Copyright 1995 - 2009 CommonBond Communications, Inc., All rights reserved.