The 8th credit union of the year, the Radio, Television and Communication Federal Credit Union ​of Staten Island, ​NY was closed down this week.

I think that I may have to rename “Bank Failure Friday” to “Credit Union Friday.” Tthe “Friday” bit might be a bit much too)

I do not know why there have been so many more credit unions failures this year.

There are about the same number of banks and credit unions, but only credit unions are closing.

I’m wondering if there some regulatory forbearance that is causing this, and if so, how will this manifest itself when the next crash hits.

Here is the Full NCUA list.