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.

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Regulatory & Compliance