WICHITA FALLS, Texas – NCUA said it shut down Wichita Falls CU and sold off the remnants to the $5 million credit union failure to nearby Postel Family CU.
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The 79-year-old Wichita Falls CU was placed into conservatorship by NCUA on Tuesday, then sold to the $45 million Postel Family. It is now being operated as a branch of Postel Family CU.
It is the second credit union failure liquidated by NCUA this week, following Monday’s sale of one-time $145 million Kaiperm FCU, in Oakland, Calif., to Alliant CU, of Chicago.
