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Friday, April 8, 2016

It's Bank Failure Friday!!!

No bank failures, but I missed one last week:

  1. ​Veterans Health Administration Credit Union​, Detroit​, MI
And on Wednesday, the NCUA closed 6 credit unions in Pennsylvania:
  1. Triangle Interests % Service Center Federal Credit Union, Bensalem, PA
  2. Servco Federal Credit Union, Bensalem, PA
  3. O P S EMP Federal Credit Union, Bensalem, PA
  4. Electrical Inspectors Federal Credit Union, Bensalem, PA
  5. Chester Upland School Employees Federal Credit Union, Chester, PA
  6. Cardozo Lodge Federal Credit Union, Bensalem, PA
I gotta figure that these are all somehow tied together, and a quick Google reveals that they all had the same CEO.

Rather unsurprisingly, the FBI is looking into the circumstances of the failures.
    Here is the Full NCUA list.

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