It's Bank Failure Friday!!!
Because of a slightly confusing site, I missed am about 2 weeks late on some credit union closings:
- LOMTO Federal Credit Union, Woodside, NY
- Citizens Community Credit Union , Devils Lake, ND
- Riverdale Credit Union , Selma, AL
Here is the Full NCUA list.
So, once again there are more credit union failures than there are commercial bank failures.
I still don't know why this is so, but it is profoundly odd to me.
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