Community One Federal Credit Union

Community One Federal Credit Union
Credit union
Industry Financial services
Founded 1960
Defunct 2009
Headquarters Las Vegas, Nevada, USA
Number of locations
 5
Area served
 Clark County, Nevada
Products Savings; checking; consumer loans; mortgages; credit cards
Total assets $159 million (at 2009 close)

Community One Federal Credit Union was a Las Vegas, Nevada based state chartered credit union.

America First Federal Credit Union acquired Community One Federal Credit Union on August 12, 2009 following its closure by the National Credit Union Administration.[1] At the time of closing, the credit union served 21,098.[2] Community One was the second credit union to close in Clark County, Nevada during 2009.[3]

Failure

The credit union failed following extensive losses driven by the local economic problems.[4]

Notes

  1. ↑ "Community One FCU Closes, Members Now Served by America First FCU". Tradewind, Inc. Retrieved September 29, 2010.
  2. ↑ "Community One FCU Closes, Members Now Served by America First FCU" (Press release). National Credit Union Administration. August 12, 2009. Retrieved 2010-09-30.
  3. ↑ Steve Green (November 14, 2009). "Ensign Federal Credit Union fails". Las Vegas Sun. Retrieved 2010-09-30.
  4. ↑ Steve Green (Aug 12, 2009). "Regulators close credit union with local branches". Las Vegas Sun. Retrieved 2010-09-30.
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