Wednesday, February 24, 2016

Tiny WV Credit Union Liquidated

The National Credit Union Administration liquidated the Mildred Mitchell-Bateman Hospital Federal Credit Union of Huntington, West Virginia.

NCUA made the decision to liquidate Mildred Mitchell-Bateman Hospital Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations. However, the most recent Financial Performance Report for the credit union indicated that it was well-capitalized and profitable with no asset problems.

Chartered in 1980, Mildred Mitchell-Bateman Hospital Federal Credit Union served 57 members and had assets of $27,039, according to the credit union’s most recent Call Report.

This is the second credit union to be liquidated this year.

Read the press release.

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