Chetco FCU of Harbor, Oregon, moves

Chetco FCU of Harbor, Oregon, moves from the frying pan to the fire as the National Credit Union Administration announced Friday that it had dived the carcass among two other credit unions. The failure of Chetco FCU brings to 14 the number of failures in 2012.

The NCUA announced late Friday that after 15 months in conservatorship, it will liquidate the $259 million Chetco FCU of Harbor, Ore., effective Dec. 31.

Assets will be split between two successful bidders: the $960 million Coast Central Credit Union of Eureka, Calif., and the $583 million Rogue FCU of Medford, Ore.

The 56,000-member Rogue will purchase and assume Chetco’s five Oregon branches and memberships, while the 55,000-member Coast Central will purchase and assume the Crescent City, Calif. branch and California memberships.

Rogue and Coast Central will reopen Chetco’s former Oregon and California branches, respectively, Jan. 2, 2013, the NCUA said.

Chetco’s fortunes turned south in 2010, when the credit union posted a nearly $17 million net loss, fueled by nearly $18 million in loan loss provisions, according to NCUA Financial Performance Reports posted online.

Loan delinquencies, primarily in commercial real estate lending, skyrocketed during 2010, increasing from 2.07% as of year-end 2009 to 10.41% just one year later. During that same period, net worth plunged from 9.07% to 5.01%.

The board attempted to right the ship in 2011, hiring Diane Johnson as CEO in July. However, the NCUA placed Chetco into conservatorship Sept. 23, 2011, and replaced Johnson with Gary Jester, who dusted off his suit after previously retiring from the $1 billion Advancial FCU of Dallas. By Dec. 31, 2011, Chetco was $34.5 million in the red with -6.44% net worth and 18.76% delinquencies.

Jester was able to apply a tourniquet to the bleeding, posting a relatively mild $525,973 net loss as of Sept. 30 of this year. However, loan losses were just too much to overcome: Chetco reported 23.81% delinquencies as of Sept. 30 and -7.31% net worth.

As of Sept. 30, the majority of Chetco’s $60 million in reportable delinquencies were adjustable rate mortgages, numbering nearly $46 million. Another $12 million in fixed rate mortgages were also reported.

The credit union also reported that $33 million of its delinquent loans were business loans, and nearly $13 million were participation loans.

Chartered in 1957, Chetco was a community credit union serving people who live, work or worship in Coos and Curry counties in Oregon and Del Norte County in California. At the time of liquidation and subsequent purchase and assumption by Rogue and Coast Central, Chetco served 24,926 members and had approximately $259 million in deposits.

ผลลัพธ์ (ไทย) 1:

FCU Chetco port of Oregon, moving from the frying pan to the fire is the National Credit Union Administration announced Friday it. Black remains with the other two credit union failures Chetco FCU brings to 14 the number of failures in 2,012 NCUA announced late Friday that after 15 months in conservatorship. It Settlement FCU Chetco $ 259 million of the port Ore., Effective Dec. 31 , assets are divided between two winners of the auction was a success: the $ 960 million to the Central Credit Union of Eureka. California and hooligans $ 583 million FCU of Medford, Ore. Khiem will buy 56 000 members and is considered a branch of Oregon and five members of the Chetco 55 000 members while the Central bank will buy. And assuming branch Crescent California and member California thugs and the central opening of the Chetco former Oregon and California branches respectively 2 มกราคม 2013, NCUA said most of the Chetco turn south in 2010, with nearly $ 17 million baht loss. net Fueled by almost $ 18 million loan loss provision by NCUA financial performance reports posted online by a credit union loan. delinquencies Primarily in commercial real estate lending skyrocketed in 2010, up from 2.07% 10.41% year-end 2552, just one year later, in that same period. Net worth decreased 9.07% from 5.01% in 2011 of trying to right the ship hired Diane Johnson as CEO in July, however the NCUA conservatorship 23 Sep 2011 Chetco in and replace Johnson with Gary Jester, who dusted off the set. After leaving his previous $ 1 billion Advancial FCU of Dallas 31 Dec year 2011, Chetco has 34.5 million dollars in red with -6.44% and the net book value 18.76% delinquencies.Jester ไม่สามารถใช้สายรัดตัวเลือดออก ลงค่อนข้างอ่อน $ 525,973 ณวันที่ 30 กันยายนปีนี้ขาดทุน.NET. . อย่างไรก็ตาม ขาดทุนจากเงินกู้ได้เพียงเกินฝ่า: Chetco รายงาน delinquencies ณ.NET %%-7.31 การ 30 ก.ย.และ 23.81 คุ้มค่า ณ 30 ก.ย. ส่วนใหญ่ของของ Chetco $ 60 ล้านปรับอัตรา mortgages ได้ระดับต้อง delinquencies หมายเลขเกือบ 46 ล้านดอลลาร์ ยังมีรายงานอีก 12 ล้านเหรียญในอัตราคงที่ mortgages เครดิตยูเนียนยังรายงานว่า $ 33 ล้านเงินกู้ยืมของพ่อมีธุรกิจสินเชื่อ และเกือบ $ 13 ล้านก็กู้ร่วม ดชาร์ใน 1,957, Chetco เป็นผู้ให้บริการเครดิตยูเนียนชุมชนที่ที่อยู่ การทำงาน หรือบูชา Coos และแกงเขตในออริกอนและเขตเหนือ Del ในแคลิฟอร์เนีย เวลาชำระต่อมาซื้อ และอัสสัมชัญ โดยสมบูรณ์และชายฝั่งเซ็นทรัล Chetco รับสมาชิก 24,926 และมีประมาณ 259 ล้านดอลลาร์ในเงินฝาก

ผลลัพธ์ (ไทย) 2:

Chetco FCU's Harbor, Oregon, moving from the frying pan to the fire as the National Credit Union Administration announced Friday that it had shot dead two other credit unions. Any failure of the Chetco FCU brings to 14 the number of failures in the 2,012th NCUA announced late Friday that after 15 months in conservatorship. It will liquidate $ 259,000,000 Chetco FCU's Harbor, Oregon. Effective Date 31 December, assets are divided between two bidders to succeed .. the $ 960,000,000 Central Coast Credit Union in Eureka, California, and $ 583,000,000 Rogue FCU of Medford, Oregon 56 000 members Rogue to purchase and assume Chetco five areas of Oregon and member while 55,000 people. Central Coast will be purchased and Crescent City, Calif., and a member of the California branch. Rogue. And the Central Coast will open Chetco former Oregon and branches in California by January 2, 2013, the NCUA said. Fate Chetco turned south in 2010, when credit union posted nearly $ 17 million loss. Net fuel by nearly $ 18 million in writedowns by NCUA reported operating results posted online. delinquencies. Home loan lending in commercial real estate skyrocketed during the year 2010, up from 2.07% at year-end 2009 to 10.41% just one year later, during the same period, the net worth fell from 9.07% to 5.01%. Board. Directors try to right the ship in 2011, employment Diane Johnson as CEO in July, however, NCUA put Chetco into conservatorship 23 September 2011 and replaced Johnson with Gary funny dusting off. His suit after previously retiring from $ 1000000000 Advancial FCU of Dallas, by 31 December 2011, Chetco was $ 34.5 million in the red with a net worth of -6.44% and 18.76% delinquencies. Comedy was able to take the call. straining to bleed to post a relatively soft $ 525,973 net loss as of September 30 this year , but loan losses is just too much to overcome: The Chetco 23.81% delinquent as of September 30, and -. net 7.31%. As of September 30, most of the Chetco of $ 60 million in delinquencies. Report an adjustable-rate mortgage of nearly $ 46 million to $ 12 million in fixed-rate mortgages also have been reported. The credit union also reported that $ 33 million of the loans outstanding, it was business loans and nearly $. 13 million as loans are involved. Chartered in 1957 Chetco a community credit union serving those who live. Work or worship in Coos County and Curry in Oregon and Del Norte County in California at the time of liquidation and procurement followed and the assumptions made ​​by Rogue and the Central Coast who served. Chetco 24,926 people and has about $ 259 million in deposits.

ผลลัพธ์ (ไทย) 3:

chetco fcu Harbor, Oregon, moving from the frying pan to the fire is the National Credit Union Administration announced Friday that the dive wreck between two credit unions, other failures chetco fcu brought 14 the number of failures in the year 2 012 NCUA announced today. Friday last, after 15 months in conservatorship, it will withdraw $ 259 million chetco fcu Harbor, China,

effective December 31.. property will be divided between two successful price: $ 960 million to the Central Credit Union of Eureka, California. , and $ 567 million rogue fcu of Medford, Ore. 56000 members and clubs will be chetco five Oregon branches and members. While the central coast 55,000 to purchase and assume Crescent City, CA



California branch and membership card fraud and Central Coast will open chetco former Oregon and branches, CA (January 2, 2013, ncua said chetco of. Fate turns south in 2010, when the credit union posted nearly $ 17 million baht net loss, fueled by nearly $ 18 million in loss loan provisions ncua results of operations, financial reports posted online,





the borrower is. primarily in commercial real estate lending. The rise in the year 2553, an increase of 2.07 percent from year-end 2552 10:41 Just one year later. During the same period, Net worth fell from 9.07 percent 5.01% Board's efforts to ship in 2011, rental Diane Johnson as CEO in July, however ncua placed chetco a conservatorship September 23, 2011

and replaced Johnson with. Gary clown dust off his shirt after previously leaving $ 1 billion advancial fcu of Dallas by December 31, 2011, chetco $ 34.5 million baht in the red - 6.44 million shares and 18.76. % If Jesse was able to use a tourniquet to stop the bleeding. Post-low $ 525,973 net loss on Sept. 30 this year, however,

the loan loss is just too much to overcome: chetco reported a 23.81% this September 30th - 7.31 million shares valued at the September 30, most chetco. $ 60 million baht in the News reports have adjustable rate mortgages numbered nearly $ 46 million to $ 12 million, fixed-rate mortgages also reported. .



Credit Unions also reported that $ 33 million of the loan business credit. And a loan of nearly $ 13 million participation in year 1957 chetco a community credit union serving the people who live, work or worship in pairs and Curry counties in the state of Oregon and del Norte County in California

repayment time. And subsequent purchase and assumption by the central coast chetco hooliganism and served 24,926 members, about $ 259 million baht bank.