Feminist Credit Union Folds
Feminist Credit Union Folds
By Louise Oncley First Pennsylvania Feminist o Credit Union has closed. A blunt t statement of fact that says it all, b but leaves out almost everything. It's like a divorce, or a death, and those of us who grieve try to assess the loss, remember the best of it and the worst, feel the anger and the pride, and find some victory along with the defeat. Understand- ing the facts is important, but we must also pay attention to the broad- er issues. Fact: In late May, the PA Dept, of Banking placed FPFCU in involun- tary liquidation seizing its assets and books. It appointed the National Credit Union Administration to li- quidate the Feminist Credit Union. NCUA is now in the process of paying
By Louise Oncley First Pennsylvania Feminist o Credit Union has closed. A blunt t statement of fact that says it all, b but leaves out almost everything. It's like a divorce, or a death, and those of us who grieve try to assess the loss, remember the best of it and the worst, feel the anger and the pride, and find some victory along with the defeat. Understand- ing the facts is important, but we must also pay attention to the broad- er issues. Fact: In late May, the PA Dept, of Banking placed FPFCU in involun- tary liquidation seizing its assets and books. It appointed the National Credit Union Administration to li- quidate the Feminist Credit Union. NCUA is now in the process of paying
off all shares (if you had money in the Credit Union,...
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