Interfaith Federal Credit Union was placed into liquidation by the NCUA on September 16. The credit union had 370 members and assets of about $338,000. The institution was the 10th federally-insured credit union closure to happen this year. Some were taken over by other credit unions, others were closed and had their assets liquidated. The other nine credit unions that have been closed or placed into conservatorship by NCUA in 2008 have been absorbed by others and taken over.”]
Source: https://www.cuinfosecurity.com/economy-claims-10th-failed-credit-union-2008-a-977