Thursday, February 26, 2015

CU Released from Real Estate Loan Moratorium

I just found out about another secret administrative order against a credit union by the National Credit Union Administration (NCUA) only after the credit union announced that it was no longer under the order.

According to a news report, the president of Holyoke Community Federal Credit Union (Holyoke, CO) at its February 23 annual meeting announced that NCUA had released the credit union from its real estate moratorium allowing credit union to resume making real estate loans.

The credit union did not originate a mortgage loan for all of 2014.

Read the story.

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