Ochsner Clinic FCU Closed

The National Credit Union Administration (NCUA) liquidated Ochsner Clinic Federal Credit Union of New Orleans, La. ASI Federal Credit Union of Harahan, La., immediately assumed Ochsner Clinic Federal Credit Union’s members, deposits and loans.

NCUA made the decision to liquidate Ochsner Clinic Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations. Ochsner Clinic Federal Credit Union served 3,099 members and had assets of approximately $9.25 million, according to its most recent Call Report.

Ochsner Clinic Federal Credit Union is the tenth federally insured credit union liquidation in 2013.

Read the press release.