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News Now

Washington
NCUA liquidates tiny Friendship Community FCU
ALEXANDRIA, Va. (2/26/10)—Clarksdale, Miss.-based Friendship Community FCU on Thursday was liquidated by the National Credit Union Administration (NCUA) due to its “declining financial condition.” Friendship FCU’s members and assets, which totaled 685 and $861,696, respectively, as well as its shares, will be taken on by Shreveport FCU. Friendship is the second federally-backed credit union to be shuttered in 2010. Shreveport, which has four Louisiana-based locations, currently serves 14,500 members nationwide and holds $76 million in assets.


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