Friday, November 20, 2015

Helping Other People Excel FCU Closed

The National Credit Union Administration liquidated Helping Other People Excel Federal Credit Union of Jackson, New Jersey.

NCUA placed Helping Other People Excel Federal Credit Union into conservatorship on Oct. 16. The agency made the decision to liquidate the credit union and discontinue operations after determining it was insolvent and had no prospect for restoring viable operations.

Helping Other People Excel Federal Credit Union served 110 members and had assets of $626,529, according to the credit union’s most recent Call Report.

Helping Other People Excel Federal Credit Union is the 8th federally insured credit union liquidation in 2015.

Read the press release.
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