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Thursday Update: Bailout Clears Senate; Another Credit Union Closes

Senate approves bailout package that includes new “sweeteners” to attract House critics. Kaiperm Federal Credit Union of Oakland, CA., was liquidated, and its assets were purchased by Alliant Credit Union, of Chicago. The bill now returns to the House, which is expected to take action within the next several days. The National Credit Union Administration (NCUA) announced on Monday the liquidation of another credit union – the 11th such failure of 2008. The financial market continues to watch this situation nervously.”]

Source: https://www.cuinfosecurity.com/thursday-update-bailout-clears-senate-another-credit-union-closes-a-987

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