The NCUA liquidated Education Associations Federal Credit Union of Washington Friday.

The agency said it decided to liquidate Education Associations and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

The liquidated credit union served 665 members and had assets of $2,596,701, according to its latest NCUA Call Report. Chartered in 1954, Education Associations served the employees of the National Education Association, other national education organizations and their immediate family members.

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