The NCUA shuttered six federal credit unions in the Philadelphia area Tuesday, and their common link was their CEO.

The president/CEO for the six credit unions was Joni Brown, according to the credit unions' profile pages on the NCUA's website.

Brown was also the CEO for Service Center for Credit Unions, Inc. According an NCUA press release, all six credit unions received management and recordkeeping services from Service Center for Credit Unions, which is also located in Bensalem.

CU Times attempted to reach Brown at the Service Center for Credit Unions. According to an unidentified receptionist at the company, Brown is in a rehab center due to an accident. The company had no further comment on the closure of the six credit unions.

The credit unions' operations were discontinued after the NCUA determined they were insolvent and had no prospect for restoring viable operations.

According to their latest Call Reports, Cardozo Lodge served 83 members and had assets of $226,485. It was chartered in 1960 and primarily served regular members of the Cardozo Lodge No. 400, Independent Order Brith Sholom, in Philadelphia and employees of Rovner, Allen, Rovner, Zimmerman and Nash who work in Feasterville, Pa.

At the time of the liquidations, Chester Upland School Employees FCU served 593 members and had assets of $827,269. The credit union was chartered in 1939 and primarily served employees of the Chester Upland School District in Chester City, Chester Township and Upland Borough in Pennsylvania's Delaware County.

Electrical Inspectors served 44 members and had assets of $65,894, according to the credit union's most recent Call Report. Chartered in 1976, Electrical Inspectors primarily served active and associate members of the Eastern Pennsylvania Chapter, Eastern Section, International Association of Electrical Inspectors in Philadelphia and employees of Municipal Inspection Corporation who work in Philadelphia.

O P S EMP served 85 members and had assets of $1,182,927, according to the credit union's most recent Call Report. It was chartered in 1968 and served employees of O.P. Schuman & Sons, Inc. who work in Warrington, Pa.

According to its latest Call Report, Servco served 795 members and had assets of $2,193,229. The credit union was chartered in 1950 and served various groups in Delaware, New Jersey, New York and Pennsylvania.

Triangle Interests % Service Center served 99 members and had assets of $290,098, according to the credit union's most recent Call Report. Chartered in 1995, Triangle Interests % Service Center primarily served natural person members of Triangle Interests headquartered in Philadelphia.

Member deposits at each of the closed credit unions are federally insured by the National Credit Union Share Insurance Fund. The fund insures individual accounts up to $250,000, and a member's interest in all joint accounts combined is insured up to $250,000, the NCUA said. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000.

The NCUA's Asset Management and Assistance Center will issue correspondence in the near future to members holding verified share accounts at each credit union. Members with additional questions about their insurance coverage may contact the center toll-free at 877-715-0777 Monday through Friday between 9 a.m. and 6 p.m. Eastern Time. Members also may visit the Share Insurance section of NCUA's MyCreditUnion.gov website at any time for more information about their insurance coverage.

Ten federally insured credit unions have been liquidated in 2016.

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