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Second Credit Union Liquidation of 2010

Thursday, February 25, 2010 - 7:49 PM
The NCUA shut down a tiny credit union today. From the NCUA's press release
[NCUA] today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union
Friendship Community CU had less than $1 million in assets and only 685 members. This is the second credit union to be liquidated this year. The first one was more sizable. The NCUA now maintains a list of closed credit unions.

Thanks to the reader who mentioned this news in the Open Discussions Thread.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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