Monday, May 3, 2010
R.I.P. St. Paul Croatian FCU
NCUA closed the credit union a little over one week after placing the credit union into conservatorship.
This failure seems to parallel the closure of Lawrence County School Employees FCU. The news media had reported that both credit unions limited the amount of fund that members could withdraw just prior to their failures.
This failure seems to parallel the closure of Lawrence County School Employees FCU. The news media had reported that both credit unions limited the amount of fund that members could withdraw just prior to their failures.
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