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Article: WORTH NOTING.(News)
- Article from:
- Credit Union Journal
- Article date:
- April 6, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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High Desert To Be Merged By June 30
APPLE VALLEY, Calif.-High Desert FCU, which was placed under conservatorship by NCUA in October 2008 after losing $15.4-million in the first three quarters of the year, is to be merged with another credit union. But which credit union will make the purchase and assumption has yet to be identified, according to High Desert, which announced the pending P&A on its website. High Desert's new management had earlier indicated to Credit Union Journal that it was not looking to merge, even though capital had declined to just 2.3%. The P&A is to be completed by June 30.
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