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7 Banks, 1 Credit Union Fail on Oct. 23

So far this year, 106 banks and 18 credit unions have been closed, acquired or placed into conservatorship. National Credit Union Administration assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi. First Delta is the 18th credit union that the NCUA has publicly announced to have failed in 2009. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.6 million. American United Bank, Lawrenceville, Georgia, was closed by the Georgia Department of Banking & Finance.”]

Source: https://www.cuinfosecurity.com/7-banks-1-credit-union-fail-on-oct-23-a-1881

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