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9Th Credit Union Failure Of The Year - Orange County Employees CU In Texas

Thursday, June 10, 2010 - 1:25 PM
From the NCUA's press release
Orange County Employees CU's declining financial condition led to its closure and subsequent purchase and assumption. At closure, Orange County Employees had $1.7 million in assets and served over 1,000 members. Orange County Employees is the 9th federally insured credit union liquidation in 2010.

At first I thought it was the California Orange County, but then I saw it's the Orange County in East Texas which explains the tiny size of the credit union.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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