06 February 2016

It's Bank Failure Friday!!! (On Saturday)

We had 2 3 more failures this week, all of them credit unions.
  1. Montgomery County Credit Union, Dayton, OH
  2. Cory Methodist Church Credit Union​, Cleveland​, OH
  3. ​CTK Credit Union, Milwaukee, WI​
Here is the Full NCUA list.

So, we have 4 credit union failures, and no commercial bank failures so far this year, continuing on, and exptending on, the trend that began last year.

It is odd that credit unions are failing faster than commercial banks.


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