NCUA official seal NCUA official seal. (Source: NCUA)

Four credit union liquidations led to $3,312,779 in estimated losses to the NCUA’s Share Insurance Fund.

According to the NCUA’s Office of Inspector General’s Semiannual Report to the Congress for Oct. 1, 2021 to March 31, 2022, posted on the federal agency’s website in late May, the liquidated credit unions included Indianapolis Newspaper Federal Credit Union ($2.29 million loss), Portsmouth Schools Federal Credit Union ($806,089 loss); Prairie View Federal Credit Union ($200,000 loss) and Empire Financial Federal Credit Union ($16,690 loss).

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