The Oregon credit union can't recover from drastic financial report corrections in late 2014.
Philadelphia man alleges former Borinquen FCU board members took part in the credit union's collapse.
The agency's risk management director discusses post-Taupa examination procedures.
The $1.6 billion TruMark Financial will assume the credit union's members, shares and a majority of loans.
The state chartered $141,494 Metropolitan Church of God CU is handed over to the NCUA for liquidation.
Net worth at the credit union drops from 11% in Sept. 2013 to 0.85% one year later.
NCUA says onsite WesCorp and other corporate examiners were limited by regs, not influenced by executives.
NCUA official says a lack of regulatory authority is to blame. Material loss reviews concur.
The NCUA liquidates the $5M Louden Community CU. Its June 30 financials are far better than peers.
After IBEW Local 816's July 10 liquidation, C-Plant picks up most of its loan portfolio and members.