It's Bank Failure Friday!!! (on Saturday)

We had two credit unions closed on Thursday, bringing the total to 5:

4. TLC Federal Credit Union, Tillamook, OR
5. ​New Bethel Federal Credit Union, Portsmough, VA

Here is the Full NCUA list.

The odd bit is that this means that there have been more credit union closings than commercial bank closings, 4 banks and 5 credit unions.

If someone amongst my reader(s) knows if there is some sort of regulatory or financial condition that has caused this, contact me.

This is weird.