Regulatory Alerts2017-11-13 | DOF 5504322Added
Notice revoking authorization to operate as a credit union for Union de Credito Industrial, Comercial y de Servicios de Cancun, S.A. de C.V.
The National Banking and Securities Commission (CNBV) revokes the authorization of Union de Credito Industrial, Comercial y de Servicios de Cancun, S.A. de C.V. to operate as a credit union due to its capital stock being below the minimum required level. The entity's reported capital stock was $5,921,889 against a minimum requirement of $9,749,248 at December 31, 2013, and $6,932,409 against a minimum of $10,117,462 at June 30, 2014. The resolution mandates the dissolution and liquidation of the society in accordance with the Credit Unions Law.