Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
As of Dec. 31, Shiloh of Alexandria FCU reported 16.52% net worth, 1.08% delinquent loans, no charge offs and ROA of 1.37%.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
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.