In the wake of the flooding in Colorado, the National Credit Union Administration has activated its disaster relief policy to help protect consumers and ensure the continuity of credit union services in affected areas.
The Michigan Department of Insurance and Financial Services liquidated Craftsman Credit Union of Detroit and appointed the National Credit Union Administration as liquidating agent.
The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration as liquidating agent.
The National Credit Union Administration liquidated Ochsner Clinic Federal Credit Union of New Orleans, La. ASI Federal Credit Union of Harahan, La., immediately assumed Ochsner Clinic Federal Credit Union's members, deposits and loans.
The NCUA liquidated I.C.E. Federal Credit Union of Inglewood, Calif. NCUA made the decision to liquidate I.C.E. Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.
NCUA Chairman Debbie Matz issued a risk alert to credit union board of directors and chief executive officers on risk mitigation strategies for distributed denial-of-service attacks.
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