The NCUA liquidated Mildred Mitchell-Bateman Hospital Federal Credit Union of Huntington, W.Va. Wednesday.
The agency said it decided to liquidate Mildred Mitchell-Bateman Hospital FCU and discontinue its operations after determining the credit union was insolvent and had no prospect for restoring viable operations.
Member deposits are federally insured by the National Credit Union Share Insurance Fund. Administered by the NCUA, the NCUSIF insures individual accounts up to $250,000, and a member's interest in all joint accounts combined is insured up to $250,000. The fund separately protects IRA and KEOGH retirement accounts up to $250,000, and has the backing of the full faith and credit of the United States.
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