07 April 2023

It's Bank Failure Friday!!!

And we have the 3rd credit union failure of the year, actually a forced merger with NCUA assistance, Richmond City Employees Federal Credit Union of Richmond, Indiana with the Kemba Credit Union, of West Chester, Ohio on April 3.

This follows the credit union being placed into conservatorship in December.

It's kind of a judgement call, but I'm counting it.

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

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