NCUA official seal. (Source: NCUA)
More than five weeks after the NCUA conserved two West Virginia credit unions on Oct. 7, they were liquidated – bringing this year's total number of credit union failures to six, the federal agency said Tuesday.
In prepared statements, the NCUA said it decided to discontinue operations of both credit unions after determining they were insolvent and had no prospect for restoring viable operations.
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