National Credit Union Administration assumed control of service and operations at Borinquen Federal Credit Union of Philadelphia. Mountain Heritage Bank, Clayton, Georgia, was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.1 million. The NCUA liquidated St. James A.M.E. FCU of Newark, N.J., immediately assumed St.”]
Source: https://www.cuinfosecurity.com/1-bank-2-credit-unions-fail-a-3789