Monday, July 15, 2013

Taupa Lithuanian CU Closed

The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration (NCUA) as liquidating agent.

The Division of Financial Institutions made the decision to liquidate Taupa Lithuanian Credit Union and discontinue its operations after determining the credit union had no prospect for restoring viable operations.

Taupa Lithuanian Credit Union served 1,154 members and had assets of more than $23.6 million, according to the credit union’s most recent Call Report.

Read the press release.
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