{"id":181707,"date":"2016-04-08T20:43:00","date_gmt":"2016-04-09T01:43:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/04\/08\/its-bank-failure-friday-21\/"},"modified":"2016-04-08T20:43:00","modified_gmt":"2016-04-09T01:43:00","slug":"its-bank-failure-friday-21","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/04\/08\/its-bank-failure-friday-21\/","title":{"rendered":"It&#8217;s Bank Failure Friday!!!"},"content":{"rendered":"<p>No bank failures, but I missed one last week:<\/p>\n<ol>\n<li value=\"7\">\u200b<a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-march-veterans-health-liquidation.aspx\" title=\"Read the release about Veterans Health\">\u200bVeterans Health Administration Credit Union<\/a>\u200b, Detroit\u200b, MI <\/li>\n<\/ol>\n<p>And on Wednesday, the NCUA closed 6 credit unions in Pennsylvania:<\/p>\n<ol>\n<li value=\"8\"><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about Triangle Interests % Service Center Federal Credit Union\">Triangle Interests % Service Center Federal Credit Union<\/a><\/span>, Bensalem, PA<\/li>\n<li><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about Servco Federal Credit Union\">Servco Federal Credit Union<\/a><\/span>, Bensalem, PA<\/li>\n<li><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about O P S EMP Federal Credit Union\">O P S EMP Federal Credit Union<\/a><\/span>, Bensalem, PA<\/li>\n<li><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about Electrical Inspectors Federal Credit Union\">Electrical Inspectors Federal Credit Union<\/a><\/span>, Bensalem, PA<\/li>\n<li><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about Chester Upland School Employees Federal Credit Union\">Chester Upland School Employees Federal Credit Union<\/a><\/span>, Chester, PA<\/li>\n<li><span><a href=\"https:\/\/www.ncua.gov\/newsroom\/Pages\/news-2016-april-liquidation.aspx\" title=\"Read the release about Cardozo Lodge Federal Credit Union\">Cardozo Lodge Federal Credit Union<\/a><\/span>, Bensalem, PA<\/li>\n<\/ol>\n<p>I gotta figure that these are all somehow tied together, and a quick Google reveals that <a href=\"http:\/\/www.cutimes.com\/2016\/04\/05\/six-credit-unions-led-by-one-ceo-shutter\">they all had the same CEO<\/a>.<\/p>\n<p>Rather unsurprisingly, the <a href=\"http:\/\/www.philly.com\/philly\/business\/20160406_Regulators_close_6_insolvent_federal_credit_unions.html\">FBI is looking into the circumstances of the failures<\/a>.<\/p>\n<ol><\/ol>\n<p>Here is the <a href=\"https:\/\/www.ncua.gov\/services\/Pages\/closed-credit-unions\/2016.aspx\">Full NCUA list<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No bank failures, but I missed one last week: \u200b\u200bVeterans Health Administration Credit Union\u200b, Detroit\u200b, MI And on Wednesday, the NCUA closed 6 credit unions in Pennsylvania: Triangle Interests % Service Center Federal Credit Union, Bensalem, PA Servco Federal Credit Union, Bensalem, PA O P S EMP Federal Credit Union, Bensalem, PA Electrical Inspectors Federal &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-181707","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181707"}],"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=181707"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}