ALEXANDRIA, Va. (March 15, 2013) – The National Credit Union Administration (NCUA) today liquidated Pepsi Cola Federal Credit Union of Buena Park, Calif. NCUA made the decision to liquidate Pepsi Cola Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.
Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA’s Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union within one week.
Members with additional questions about their insurance coverage may contact NCUA’s Consumer Assistance Center toll free at 800-755-1030. The Center answers calls Monday through Friday between 5 a.m. and 2 p.m. Pacific. Individuals may also visit the MyCreditUnion.gov (opens new window) website at any time for more information about their insurance coverage.
Pepsi Cola Federal Credit Union served 558 members and had assets of approximately $652,000, according to the credit union’s most recent Call Report. Chartered in 1956, Pepsi Cola Federal Credit Union served employees of the Pepsi Cola Bottling Company for 57 years.
Pepsi Cola Federal Credit Union is the fourth federally insured credit union liquidation in 2013.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…
As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…
WASHINGTON – Today, as part of the 30th anniversary celebration of the Community Development Financial…
Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…
WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…
As Prepared for Delivery Thank you very much for the opportunity to be here today, and…