American Mutual Share Insurance Corporation (ASI) announced that it has accepted appointment as liquidating agent of Bensenville Community Credit Union, located in Bensenville, Illinois, when the Illinois Division of Financial Institutions ordered it closed on July 31, 2014 due to inadequate capital.
Credit Union 1 of Rantoul, Illinois, purchased all of Bensenville Community Credit Union’s loans and other assets and assumed all of its share account liabilities.
Read ASI press release.
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