Community One Federal Credit Union

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

Community One Federal Credit Union
TypeCredit union
IndustryFinancial services
Founded1960
Defunct2009
HeadquartersLas Vegas, Nevada, United States
Number of locations
5
Area served
Clark County, Nevada
ProductsSavings; checking; consumer loans; mortgages; credit cards
Total assets$159 million (at 2009 close)
Number of employees
66[1]

America First Federal Credit Union acquired Community One Federal Credit Union on August 12, 2009, following its closure by the National Credit Union Administration.[2] At the time of closing, the credit union served 21,098 members.[3] Community One was the second credit union to close in Clark County, Nevada, during 2009.[4]

Failure

The credit union failed following extensive losses driven by the local economic problems.[5]

Notes

  1. "A Short History Of Community One Federal Credit Union". Archived from the original on March 4, 2016. Retrieved September 29, 2010.
  2. "Community One FCU Closes, Members Now Served by America First FCU". Tradewind, Inc. Archived from the original on September 29, 2011. Retrieved September 29, 2010.
  3. "Community One FCU Closes, Members Now Served by America First FCU" (Press release). National Credit Union Administration. August 12, 2009. Archived from the original on August 15, 2009. Retrieved 2010-09-30.
  4. Steve Green (November 14, 2009). "Ensign Federal Credit Union fails". Las Vegas Sun. Retrieved 2010-09-30.
  5. Steve Green (Aug 12, 2009). "Regulators close credit union with local branches". Las Vegas Sun. Retrieved 2010-09-30.
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