And We Have a Couple More Credit Union Failures

It's been a over a month since we've had a bank failure Friday, there has not been a bank failure since early November, but we just had a couple more credit union failures:

11. Metropolitan Church of God Credit Union, Detroit, MI
12. Health One Credit Union, Detroit, MI

Here is the Full NCUA list.

I'm still not sure why the ratio between credit union failures and bank failures is some where between 3 and 4:1.