The NCUA has liquidated its fourth federally insured credit union of the year.
The agency made the decision to liquidate Trailblazer Federal Credit Union of Washington, Penn., today and discontinue its operations after determining the credit union was not solvent. In a news release, the NCUA said the credit union had no prospect for restoring viable operations.
The $131.5 million Chrome Federal Credit Union, also of Washington, Penn., took over all members and deposits immediately.
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