It's Bank Failure Friday!!!!

No bank failures, but the 7th Credit Union failure of the year, IBEW Local 816 Federal Credit Union, of ​Paducah, ​KY, was shut down yesterday.

I'm know why the FDIC generally does closing on Fridays, it gives them the weekend to make arrangements, but I don't know why the FCUA does closings in the middle of the week.