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32 FEDERALLY INSURED CREDIT UNIONS INSOLVENT AS OF JUNE 30, 1991

32 FEDERALLY INSURED CREDIT UNIONS INSOLVENT AS OF JUNE 30, 1991
 CORAL GABLES, Fla., Nov. 18 /PRNewswire/ -- Bauer Financial Reports, Inc., a Coral Gables, Fla. research firm, reports that 32 of the 13,753 credit unions reporting to the National Credit Union Administration were insolvent and operating as of June 30, 1991.
 Eighteen of the 45 credit unions that Bauer Financial Reports, Inc. reported insolvent as of Dec. 31, 1990 remain on the list. They are joined by 14 new entries. Of the 27 credit unions insolvent as of Dec. 31, 1990 that are missing from the latest June 30, 1991 data:
 -- Fourteen returned to solvency through capital infusions or profitable operations.
 -- Thirteen were resolved through mergers or closings.
 Listed below, alphabetically by state, are the 32 insolvent credit unions as of June 30, 1991 data:
 FedAlaska Federal Credit Union, Anchorage, Alaska; Western Horizons F.C.U., Mesa, Ariz.; Capitol Credit Union, Little Rock, Ark.; Community Service Credit Union, Inc., Groton, Conn.; Teamsters Joint Council 64 F.C.U., Meriden, Conn.; Howard University Student F.C.U., Washington, D.C.; FPE Federal Credit Union, Largo, Fla.; Westmark Federal Credit Union, Idaho Falls, Idaho; Tri-County Credit Union, Ottawa, Ill., Corpus Christi Federal Credit Union, New Orleans, La.; Greater Mandeville F.C.U., Mandeville, La.; A.U.C. Federal Credit Union, S. Lancaster, Mass.; Blue Hill Federal Credit Union, Brookline, Mass.; Cape Cod Federal Credit Union, Falmouth, Mass.; Progressive Consumers F.C.U., Saugus, Mass.; Occom Federal Credit Union, Hanover, N.H.; Immigrants Federal Credit Union, Newark, N.J.; McGuire Federal Credit Union, Wrightstown, N.J.; Father John Dold Memorial C.U., Ojo Caliente, N.M.; Pope Federal Credit Union, Fayetteville, N.C.; Foster County Co-op F.C.U., Carrington, N.D.; LHHS Federal Credit Union, Fargo, N.D.; Portland N.A.A.C.P. F.C.U., Portland, Ore.; Bell International F.C.U., Pittsburgh, Pa.; Aerostructures EMP F.C.U., Nashville, Tenn.; Oak Ridge Medical Center F.C.U., Oak Ridge, Tenn.; Industry Federal Credit Union, Houston, Texas; San Antonio Federal Credit Union, San Antonio, Texas; Texas Aggie Credit Union, College Station, Texas; McGuire V.A. Federal Credit Union, Richmond, Va.; Windsor Area Federal Credit Union, Windsor, Vt. and Wyoming Employees F.C.U., Cheyenne, Wyo.
 Bauer Financial Reports, Inc. analyzes and rates the financial performance of all U.S. banks, thrifts and credit uions.
 -0- 11/18/91
 /CONTACT: Paul A Bauer or Karen Dorway of Bauer Financial Reports, Inc., 305-444-3125/ CO: Bauer Financial Reports, Inc. ST: Florida IN: FIN SU: SS-MR -- FLFNS1 -- 1193 11/18/91 07:33 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 18, 1991
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