Friday, April 24, 2009

NCUA Seizes Eastern Financial Florida Credit Union

by Calculated Risk on 4/24/2009 03:17:00 PM

Press Release: Eastern Financial Florida Credit Union Placed In Conservatorship (ht Will)

The National Credit Union Administration (NCUA) today assumed control of the operations of Eastern Financial Florida Credit Union, a state-chartered, federally insured credit union headquartered in Miramar, Florida.
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Eastern Financial Florida Credit Union was originally chartered in 1937 and today serves Broward, Miami-Dade, Palm Beach, Hillsborough, Pinellas counties and the Jacksonville area. The credit union has approximately $1.6 billion in assets and just over 200,000 members.

The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government...
An early start to BFF (bank failure friday).