Federal regulators liquidate one credit union on Wednesday, June 30, raising the number of failed institutions to 97 so far in 2010. Southwest Community Federal Credit Union of Saint George, Utah, had approximately $139,094,182 in assets. The NCUA also facilitated a merger between two credit unions in Louisiana and Mississippi. Member accounts remain federally insured by the National Credit Union Share Insurance Fund up to at least $250,000. The latest merger: First Delta Federal Credit Unions of Marks, Miss., with Shreveport Federal Credit U of Shrevepor, La., was a $5.6 million dollar credit union.”]
Source: https://www.cuinfosecurity.com/one-credit-union-closed-on-june-30-a-2713