The Service Center for Credit Unions Inc., which served sixcredit unions that were shuttered last week due to insolvency, isexpected to close its doors, according to a credit union executiveand a center employee.
Yolanda Greene, president/CEO for the $1.3 million PaperConverters Local 286/1034 Federal Credit Union in Philadelphia,said she was told that the service center is expected to closeperhaps within 48 hours.
“It’s unfortunate, but that’s the only reaction that I have towhat is going on,” she said when contacted by CU TimesMonday. She declined further comment.
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