NCUA Liquidates Melrose CU

Taxi medallion losses sink the $1.1 billion credit union.

By Jim DuPlessis | September 04, 2018 at 08:43 AM

The NCUA liquidated Melrose Credit Union Friday after the New York credit union lost $744.6 million over the past three years as its taxi medallion loans soured.

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NCUA Liquidates Melrose CU

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