The NCUA on Monday liquidated the 18-month-old, $379,000 Shepherd’s Federal Credit Union in Charlotte, N.C., its fourth such move so far in 2012.
The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.
The NCUA on Sunday liquidated the $635,000 People for People Community Development Credit Union in Philadelphia.
The NCUA said Friday night that it had liquidated the $4.25 million O.U.R. Federal Credit Union in Eugene, Ore.
Philadelphia closure follows cease-and-desist order; 11th liquidation by NCUA so far this year.
Newark CU had $1 million in assets, 831 members and "no prospect for restoring viable operations."
Both in Jackson, Miss.; $9 million Valued Members was conserved by NCUA in early May.
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
Couple say agency owes them $165,000; agency says payout should go to friends added to account to extend coverage.
Indictments added to nine already charged in Cleveland credit union failure.