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Third Credit Union Liquidation of 2010

Friday, February 26, 2010 - 6:48 PM
The first institution to fail on this Friday isn't a bank. It's a credit union. The NCUA just issued this press release:
[NCUA] today liquidated Mutual Diversified Employees FCU of Santa Ana, California, and accepted SchoolsFirst Federal Credit Union’s offer to purchase and assume the credit union
Mutual Diversified Employees FCU was a tiny credit union which had only $6.1 million in assets and 748 members. It's similar in size to the credit union that was liquidated by the NCUA yesterday.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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