Tough Day for Philadelphia-Area Credit Unions
NCUA liquidated six relatively small federal credit unions in the Philadelphia area yesterday. The six include Cardozo Lodge Federal Credit Union of Bensalem (83 members, $226,000 in assets), Chester Upland School Employees Federal Credit Union of Chester (593 members, $827,000 in assets), Electrical Inspectors Federal Credit Union of Bensalem (44 members, $66,000 in assets), O P S EMP Federal Credit Union of Bensalem (85 members, $1.2 million in assets), Servco Federal Credit Union of Bensalem (795 members, $1.2 million in assets), and Triangle Interests % Service Center Federal Credit Union of Bensalem (99 members, $290,000 in assets). [4/6/16]
