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NCUA Postpones Decision on Norlarco

ALEXANDRIA, Va. -- The National Credit Union Administration (NCUA) has notified members of Norlarco Credit Union, Fort Collins, Colo., today that the selection of a buyer of its remaining assets and operations will be delayed until January.

By Staff Writer | Updated on December 11, 2007

ALEXANDRIA, Va. – The National Credit Union Administration (NCUA) has notified members of Norlarco Credit Union, Fort Collins, Colo., today that the selection of a buyer of its remaining assets and operations will be delayed until January.

Region V Director Melinda Love, informed members that the “purchase and assumption” analysis of three credit unions vying to buy Norlarco is being considered very carefully in order to determine the best future for Norlarco member assets and the stability of the credit union.” ENT, Bellco and Public Service CUs are the three bidders for Norlarco.

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