17 September 2021

It's Bank Failure Friday!!!

We have a development with C O Federal Credit Union, of Charleston, South Carolina, which had been taken into conservatorship in January, and has now been liqudated.

So the total number of closings have not changed, but a 2nd credit union has been liquidated after being placed under conservatorship.

Here is the Full NCUA list, and here is the direct link for this year.

I am not sure what this all means, the NCUA statement is fairly anodyne.


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