Bank Failure Friday on Sunday

Friday was Yom Kippur, so I did not check for closings until now.

It turns out that the Republic Hose Employees Federal Credit Union of ​Youngstown, ​OH was closed on September 30.

It was the 9^th credit union closing of the year.

I'm not sure why the number of closed credit unions is so close to the number of closed banks (14 so far this year).

Typically, the ratio is at least 2:1.