The NCUA has liquidated its fifth federally insured credit union of the year, just a week after liquidating Trailblazer Federal Credit Union in Washington, Penn.
Lakeside Federal Credit Union of Hammond, Ind. was liquidated Thursday and operations were suspended after the agency determined it to be insolvent.
In a news release, the NCUA said the credit union had no prospect for restoring viable operations.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
