Credit Unions OnlineCredit Unions Online
Credit Unions Online
Mission San Francisco Federal Credit Union Closed by Regulators

Mission San Francisco Federal Credit Union Closed by Regulators

The National Credit Union Administration (NCUA) placed Mission San Francisco Federal Credit Union of San Francisco, California, into liquidation on Friday, April 8, 2011. Immediately thereafter, Self-Help Federal Credit Union of Durham, North Carolina, purchased and assumed Mission San Francisco’s assets, liabilities and members.The new Self-Help Federal Credit Union members will experience no interruption in credit union service, and their accounts remain federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). Self-Help Federal Credit Union is a full-service institution with $210 million in assets and 31,000 members.NCUA assumed control of operations at Mission San Francisco Federal Credit Union on April 8, 2011, and immediately signed an agreement with Self-Help Federal Credit Union. The agreement allows for continued service to the former members of Mission San Francisco at a safe, sound credit union.At closure, Mission San Francisco had approximately $6 million in assets and served 2,500 members. The former credit union was established in 1971 to serve members located in the Mission District in San Francisco, California. This is the sixth federally insured credit union liquidation in 2011.See the complete list of credit union closings in 2011.

Financial Calculators

by Staff Writer
Published April 9, 2011
comments powered by Disqus
Find a Credit UnionCalculatorsHoliday ClosingsBlogInterest RatesBest Credit UnionsLargest Credit Unions
A Better Way to Bank? There's a Credit Union for That.℠
What is a Credit Union?Privacy PolicyTermsAbout UsContact Us
Credit Unions Online, Since 1995. ©2017CommonBond- All Rights Reserved.