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Frontier Investment to terminate operations.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 24-DEC-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Frontier Investment to terminate operations.(Financial)(The Selco Community Credit Union subsidiary aims to wind down by April)

Article Excerpt
Byline: Joe Mosley The Register-Guard

Frontier Investment Co., a Eugene firm that has brought moneyed investors together with unconventional mortgage borrowers for 30 years, has notified its clients that the company will cease all operations within four months.

Frontier - a fully-owned subsidiary of Selco Community Credit Union - told its investors that it will file dissolution papers with the Oregon Secretary of State by Dec. 31.

The company will then "wind up and liquidate its business and affairs," and will discontinue collecting payments from borrowers and paying the proceeds to investors by April 30, according to the letter.

Some investors have expressed concerns that they could be left holding the bag. But Selco President and CEO Bob Newcomb - who doubles as CEO of...

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