NCUA Liquidates Defense Logistics FCU for Unsafe & Unsound Practices

PenFed immediately assumes the New Jersey financial cooperative's assets, member shares and loans.

By Peter Strozniak | July 01, 2021 at 03:16 PM

The NCUA said Thursday it liquidated Defense Logistics Federal Credit Union after determining the New Jersey credit union engaged in unspecified unsafe and unsound practices.

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