Credit Unions Online

Land of Enchantment Federal Credit Union Closed

Land of Enchantment Federal Credit Union Closed by STAFF WRITER
Published March 7, 2011
Credit Unions Online
Share This
Follow Us
NCUA has placed Land of Enchantment Federal Credit Union of Santa Fe, New Mexico, into liquidation; and Guadalupe Credit Union of Santa Fe, New Mexico, purchased and assumed Land of Enchantment’s assets, liabilities and members. Members of Land of Enchantment Federal Credit Union will experience no interruption in credit union service, and their accounts remain federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). Guadalupe Credit Union has $102 million in assets and serves approximately 10,500 members. NCUA assumed control of operations at Land of Enchantment Federal Credit Union with a goal of continuing credit union service to the members at a safe, sound credit union. At closure, Land of Enchantment Federal Credit Union had approximately $8.6 million in assets and served 1,593 members. The credit union was established in 1951 to serve the employees of the New Mexico Department of Public Welfare. This is the fifth federally insured credit union liquidation in 2011.

Financial Calculators

comments powered by Disqus
Previous Story:
Opportunity Strikes--High Bank Fees Help Boost Credit Union Accounts
Next Story:
Chippewa Eagle Federal Credit Union Opens Strong With Smart Business Strategy

Blog
Credit Union Seminars Schooling Members During the SummerCredit Union Seminars Schooling Members During the Summer
This is Why You Are BrokeThis is Why You Are Broke
Little Baby, Big BucksLittle Baby, Big Bucks
How to Get the Best Deal On Your MortgageHow to Get the Best Deal On Your Mortgage
Credit Unions Helping Members Keep the FUN in SummerCredit Unions Helping Members Keep the FUN in Summer
How to Bounce Your Boomerang Young Adult from HomeHow to Bounce Your Boomerang Young Adult from Home
Calculators

|   Home   |   Find a Credit Union   |   Blog   |   Holiday Closings   |   Top 100 Credit Unions   |   Calculators   |

Share This
Share Facebook Share Twitter Share Google Plus
Follow Us
Follow Facebook Follow Twitter Follow RSS Feed Follow email

Privacy Policy   About Us   © 1995-2014, All Rights Reserved.