2012-06-04 — cutimes.com
Bad loans and a sharp drop in net capital to negative 4% figured in the failure last week of the privately insured, $38 million USA One Credit Union in Matteson, Ill., it was reported Monday.
The $681 million Credit Union 1 of Rantoul, Ill., took over USA One in a purchase-assumption deal arranged through American Share Insurance Inc., the private carrier named as liquidating agent by the state regulatory agency.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
