I missed a credit union failure last week, I was busy battling the elements to get to my Eugenia’s Bat Mitzvah.
While I was battling the elements, the NCUA was closing the St. Francis Campus Credit Union of Little Falls, Minnesota (Full NCUA list), the 3rd closing of the year.
Given that there were 24 failures of banks, and 13 credit unions closed in 2013, it appears that we are slightly ahead of last year’s trend.