The NCUA liquidated the $14 million Mayfair Federal Credit Union in Philadelphia on March 31.

Mayfair FCU, the fourth liquidation in 2014, was placed into conservatorship by the NCUA last year. It was chartered in 1936 and had 1,519 members at the time of liquidation, according to the credit union's most recent call report.

The $623 million Freedom Credit Union in Warminster, Pa. immediately assumed Mayfair's members and deposits, a portion of its loan portfolio and other assets.

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