Community One Federal Credit Union was a

Las Vegas, Nevada Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas ...

based state chartered

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

America First Federal Credit Union America First Credit Union (AFCU) is a federally chartered credit union headquartered in Riverdale, Utah, United States. America First was the sixth largest credit union in the United States in terms of total membership and eight largest credi ...

acquired Community One Federal Credit Union on August 12, 2009, following its closure by the

National Credit Union Administration The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...

. At the time of closing, the credit union served 21,098 members. Community One was the second credit union to close in Clark County, Nevada, during 2009.

Failure

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

Notes

{{reflist Companies based in Las Vegas Banks established in 1960 Banks disestablished in 2009 Credit unions based in Nevada