California Closings: NCUA in Second Liquidation of the Day
The NCUA said Friday afternoon it has liquidated its second credit union of the day, another small California operation.
The $652,000 Pepsi Cola FCU in Buena Park, Calif., had been serving company employees for 57 years but no longer was solvent and had no prospect for restoring viable operations, the agency said.
The credit union lost $3,299 in 2012, according to its 5300 Call Report.
Earlier Friday, the agency liquidated the $3.4 million, I.C.E. FCU in Englewood, Calif., after it posted a $17,947 loss in 2012.
Four federally insured credit unions now have been liquidated so far this year.