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Credit Union Attempts To Block Liquidation Order

Tuesday, August 10, 2010 - 12:48 PM
From the Credit Union National Association:
A hearing today in a U.S. District Court for the District of Columbia will determine whether a Texas-based virtual credit union that was placed into liquidation last week will get an injunction to prevent the National Credit Union Administration (NCUA) from carrying out the liquidation.

I mentioned the closure of this credit union (Kappa Alpha Psi Federal Credit Union) in last Friday's bank failure summary. It's the first time I have seen a credit union based on a fraternity.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634