Public Service Credit Union to take over Norlarco

ALEXANDRIA, Va. — The National Credit Union Administration today selected Denver-based Public Service Credit Union’s bid to purchase the assets and assume the shares of the financially troubled Norlarco Credit Union in Fort Collins.

NCUA has been overseeing the operations of Norlarco since last May when the Colorado Commissioner of Financial Services placed Norlarco into conservatorship after the credit union experienced financial difficulties related to delinquent real estate loans it had made.

The consolidation of Norlarco into Public Service Credit Union will guarantee Norlarco members with full member-owner rights at PSCU, according to a statement from NCUA, the independent federal agency that charters and supervises federal credit unions.

SPONSORED CONTENT

Exploring & expressing grief

Support groups and events, as well as creative therapies and professional counseling, are all ways in which Pathways supports individuals dealing with grief and loss.

Chartered in 1938, PSCU has more than 76,000 members primarily in the Denver and Colorado Springs areas and $623 million in assets. Norlarco, chartered in 1959, has assets of more than $290 million and served more than 42,000 members in 180 employee groups in Larimer and Weld counties.