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NCUA liquidates second credit union of 2022

The National Credit Union Administration shuttered Paducah Teachers Federal Credit Union in Kentucky after it was declared insolvent with no chance for recovery. ....

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NCUA shuts down first credit union of 2022

Empire Financial Federal Credit Union had been placed into conservatorship by the National Credit Union Administration in May because of “unsafe and unsound practices.” Another credit union has assumed its assets and deposits. ....

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NCUA liquidates Portsmouth Schools Federal Credit Union in Virginia

The credit union hadn't reported a profit in years and its losses through the first three quarters of 2021 exceeded $200,000. ....

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Small banks, credit unions warned to brace for pandemic aftershock

Failures and forced consolidation among smaller institutions could accelerate in 2022 and 2023 once the federal stimulus programs that have propped up the economy run their course, experts predict. ....

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NCUA liquidates credit union in South Carolina

NCUA liquidates credit union in South Carolina
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