Trouble mounts in 2009 for credit unions [Las Vegas Review-Journal]

From the Las Vegas Review-Journal

Southern Nevada credit unions lost about $120 million last year as more and more borrowers fell behind on loan payments. The big three -- Silver State Schools Credit Union, Nevada Federal Credit Union and Clark County Credit Union -- accounted for $108 million of the losses.

There was one credit union liquidation yesterday, but not in Nevada. It was in Pennsylvania. Refer to my bank and credit union review for more details.