LANCASTER, Ohio – NCUA yesterday liquidated another small CU, this time Fairfield County Ohio Federal Employees FCU.
The $1.4-million CU served 747 members; the agency said it was insolvent with no prospects for being restored to viable operations. FCOFEFCU is the 14th FICU to be liquidated by NCUA so far this year.
NCUA’s Asset Management and Assistance Center will issue checks to individuals holding verified share accounts at the CU within one week.
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