Saturday, November 14, 2009

Ensign FCU Closed

The Las Vegas Journal Review is reporting that Ensign FCU failed.

The article states that EDS Credit Union took over the insolvent Ensign FCU.

"Ensign lost $10 million in the first nine months of this year as its delinquent and charged off loans totaled $13.4 million."

Ensign FCU is the fourth Nevada credit union to fail in the last couple of months.

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