The IBEW Local 816 FCU was ruled insolvent despite conflicting financial reports.
By Heather Anderson |
Updated on July 11, 2014
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The National Credit Union Administration Thursday liquidated the $6.3 million IBEW Local 816 Federal Credit Union of Paducah, Ky.
The NCUA made the decision to liquidate IBEW Local 816 discontinue its operations after determining the credit union was insolvent and had no prospect for restoring viable operations, the regulator said in a release.
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