NCUA Closes HeritageWest FCU

The National Credit Union Administration liquidated HeritageWest Federal Credit Union of Tooele, Utah, and accepted Chartway Federal Credit Union’s offer to purchase and assume the credit union.

Chartway Federal Credit Union purchased and assumed HeritageWest Federal Credit Union’s assets, loans and shares.

At closure, HeritageWest Federal Credit Union had $311 million in assets and served 40,000 members.

Information on the cost to the NCUSIF was not released.