The Service Center for Credit Unions Inc., which served six credit unions that were shuttered last week due to insolvency, is expected to close its doors, according to a credit union executive and a center employee.

Yolanda Greene, president/CEO for the $1.3 million Paper Converters Local 286/1034 Federal Credit Union in Philadelphia, said she was told that the service center is expected to close perhaps within 48 hours.

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Peter Strozniak

Credit Union Times

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