{"id":178617,"date":"2018-10-13T18:32:00","date_gmt":"2018-10-13T23:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/10\/13\/so-8-credit-unions-and-no-commercial-banks\/"},"modified":"2018-10-13T18:32:00","modified_gmt":"2018-10-13T23:32:00","slug":"so-8-credit-unions-and-no-commercial-banks","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/10\/13\/so-8-credit-unions-and-no-commercial-banks\/","title":{"rendered":"So, 8 Credit Unions, and No Commercial Banks"},"content":{"rendered":"<p>The 8th credit union of the year, the <a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2018-oct-radio-television-communication-federal-credit-union-closes.aspx\">Radio, Television and Communication Federal Credit Union<\/a> \u200bof Staten Island, \u200bNY was closed down this week.<\/p>\n<p>I think that I may have to rename &#8220;Bank Failure Friday&#8221; to &#8220;Credit Union Friday.&#8221;  Tthe &#8220;Friday&#8221; bit might be a bit much too)<\/p>\n<p>I do not know why there have been so many more credit unions failures this year.<\/p>\n<p>There are about the same number of banks and credit unions, but only credit unions are closing.<\/p>\n<p>I&#8217;m wondering if there some regulatory forbearance that is causing this, and if so, how will this manifest itself when the next crash hits.<\/p>\n<p>Here is the <a href=\"https:\/\/www.ncua.gov\/services\/Pages\/closed-credit-unions\/2018.aspx\">Full NCUA list<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 8th credit union of the year, the Radio, Television and Communication Federal Credit Union \u200bof Staten Island, \u200bNY was closed down this week. I think that I may have to rename &#8220;Bank Failure Friday&#8221; to &#8220;Credit Union Friday.&#8221; Tthe &#8220;Friday&#8221; bit might be a bit much too) I do not know why there have &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[456,437],"class_list":["post-178617","post","type-post","status-publish","format-standard","hentry","tag-finance","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178617"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178617"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}