11 July 2014
It's Bank Failure Friday!!!!
No bank failures, but the 7th Credit Union failure of the year, IBEW Local 816 Federal Credit Union, of Paducah, KY, was shut down yesterday.
I'm know why the FDIC generally does closing on Fridays, it gives them the weekend to make arrangements, but I don't know why the FCUA does closings in the middle of the week.
I'm know why the FDIC generally does closing on Fridays, it gives them the weekend to make arrangements, but I don't know why the FCUA does closings in the middle of the week.
Labels:
Finance
,
regulation
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