ALEXANDRIA, Va. (UPDATED: 3/15/13, 12:25 p.m.ET)--I.C.E. FCU, Inglewood, Calif., has been liquidated by the National Credit Union Administration.

The agency in a release said it moved to liquidate the 942 member, $3.4 million-in-asset credit union after it determined the credit union was insolvent and had no prospect for restoring viable operations.

The credit union, which was chartered in 1939, served Inglewood city employees and their families.

I.C.E. FCU is the third federally insured credit union to be liquidated in 2013.

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