It’s Bank Failure Friday!!!

Because of a slightly confusing site, I missed am about 2 weeks late on some credit union closings:

  1. LOMTO Federal Credit Union, Woodside, NY
  2. Citizens Community Credit Union , Devils Lake, ND
  3. 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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