Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
Detroit's Amez United CU had 158 members and $168,865 in assets, and a lot of delinquent loans.
After 15 months in conservatorship, the NCUA liquidated the $259 million Chetco FCU of Harbor, Ore., effective Dec. 31.
New Covenant Missionary Baptist Church Credit Union in Milwaukee had 294 members, $585,000 in assets.
Pacific Coast border community credit union shut down after 15 months in conservatorship.
NCUA liquidates $778,129 Olean Tile Employees FCU after Olean, N.Y., plant shuts down.
Agency says G.I.C. FCU in suburban Euclid was insolvent, executes 12th liquidation of 2012.
Vermont regulations on Friday closed the $3.1 million Border Lodge Credit Union and appointed the NCUA as liquidating agent.
Dallas credit union had $2 million in assets, 743 members.
The regulatory clock ran out on $5 million El Paso’s Federal Credit Union of El Paso, Texas last week.